Turbo-Mech Bhd (XKLS:5167) ROCE % : -1.18% (As of Dec. 2024)

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What is Turbo-Mech Bhd ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Turbo-Mech Bhd's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.18%.

Turbo-Mech Bhd ROCE % Historical Data

The historical data trend for Turbo-Mech Bhd's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Turbo-Mech Bhd ROCE % Chart

Turbo-Mech Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.82

5.20

2.34

3.66

1.20

Turbo-Mech Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.35	2.67	3.83	-0.78	-1.18

Turbo-Mech Bhd ROCE % Calculation

Turbo-Mech Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1.517	/	( ( (138.524 - 7.842)	+	(132.633 - 9.634) )	/ 2 )
	=	1.517	/	( (130.682	+	122.999)	/ 2 )
	=	1.517	/	126.8405
	=	1.20 %

Turbo-Mech Bhd's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-1.448	/	( ( (125.066 - 3.302)	+	(132.633 - 9.634) )	/ 2 )
	=	-1.448	/	( ( 121.764	+	122.999 )	/ 2 )
	=	-1.448	/	122.3815
	=	-1.18 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Turbo-Mech Bhd (XKLS:5167) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Turbo-Mech Bhd ROCE % Related Terms

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Turbo-Mech Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Turbo-Mech Bhd (XKLS:5167) » Definitions » ROCE %

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N/A

Address

39-5, Jalan PJU 1/41, Block D1, Dataran Prima, Petaling Jaya, SGR, MYS, 47301

Website

https://www.turbomech.com.my

Turbo-Mech Bhd is an investment holding company. It is engaged in the sales of rotating equipment and spare parts and the provision of maintenance and overhaul services. The company sells spare parts for the oil, gas, and petrochemical industries. It offers centrifugal, metering, progressing cavity, cryogenic, firewater, & non-seal pumps and chemical injection skids, air compressors, cooling tower fan and air cool heat exchangers, and steam turbines. The company's geographical segments are Malaysia, Singapore, Indonesia, the Philippines, and Thailand.

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