Ivory Properties Group Bhd (XKLS:5175) ROCE % : -37.56% (As of Dec. 2023)

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What is Ivory Properties Group 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. Ivory Properties Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -37.56%.

Ivory Properties Group Bhd ROCE % Historical Data

The historical data trend for Ivory Properties Group 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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Ivory Properties Group Bhd ROCE % Chart

Ivory Properties Group Bhd Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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3.95

-2.88

-17.31

-15.57

-35.75

Ivory Properties Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-28.29	-56.57	-10.09	-8.04	-37.56

Ivory Properties Group Bhd ROCE % Calculation

Ivory Properties Group Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-109.288	/	( ( (688.032 - 239.872)	+	(474.692 - 311.535) )	/ 2 )
	=	-109.288	/	( (448.16	+	163.157)	/ 2 )
	=	-109.288	/	305.6585
	=	-35.75 %

Ivory Properties Group Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-46.736	/	( ( (455.256 - 306.91)	+	(449 - 348.505) )	/ 2 )
	=	-46.736	/	( ( 148.346	+	100.495 )	/ 2 )
	=	-46.736	/	124.4205
	=	-37.56 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Ivory Properties Group Bhd (XKLS:5175) 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.

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Ivory Properties Group Bhd (XKLS:5175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ivory Properties Group Bhd (XKLS:5175) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

81-11-1, Jalan Dato Keramat, Ivory Tower, Penang Times Square, Georgetown, PNG, MYS, 10150

Website

https://www.ivory.com.my

Ivory Properties Group Bhd is a property development group in Northern Malaysia. It has aggregated its operations into three reportable segments, Property Development and management segment which comprises property development activities, developed properties, property management, and tenancy management services; Construction contracts segment includes building and construction activities and Investment Holding and Others segment. The business of the group only operates in Malaysia.

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