Petronas Chemicals Group Bhd (XKLS:5183) ROCE % : -4.55% (As of Sep. 2024)

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What is Petronas Chemicals 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. Petronas Chemicals Group Bhd's annualized ROCE % for the quarter that ended in Sep. 2024 was -4.55%.

Petronas Chemicals Group Bhd ROCE % Historical Data

The historical data trend for Petronas Chemicals 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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Petronas Chemicals Group Bhd ROCE % Chart

Petronas Chemicals Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.39

5.23

19.86

15.02

4.41

Petronas Chemicals Group Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															4.90	1.92	6.62	7.51	-4.55

Petronas Chemicals Group Bhd ROCE % Calculation

Petronas Chemicals Group Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2210	/	( ( (55430 - 6502)	+	(60206 - 8949) )	/ 2 )
	=	2210	/	( (48928	+	51257)	/ 2 )
	=	2210	/	50092.5
	=	4.41 %

Petronas Chemicals Group Bhd's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-2260	/	( ( (61694 - 9587)	+	(57225 - 10035) )	/ 2 )
	=	-2260	/	( ( 52107	+	47190 )	/ 2 )
	=	-2260	/	49648.5
	=	-4.55 %

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

Petronas Chemicals Group Bhd (XKLS:5183) 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.

Petronas Chemicals Group Bhd ROCE % Related Terms

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Petronas Chemicals Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Petronas Chemicals Group Bhd (XKLS:5183) » Definitions » ROCE %

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Address

Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, Kuala Lumpur, SGR, MYS, 50088

Website

https://www.petronas.com

Petronas Chemicals Group Bhd manufactures and sells a variety of petrochemicals. The firm organizes itself into three segments based on product type: Olefins and Derivatives; Fertilizers and Methanol and Specialties. The Olefins and Derivatives segment, which generates the majority of revenue, is engaged in manufacturing and marketing of a wide range of olefin and polymer products, such as Ethylene, Propylene, and Butyl Acetate among others, which are used as a basic feedstock for other products, to intermediate products including basic and high performance chemicals. The majority of the revenue comes from Malaysia and the rest from China, Thailand, Indonesia, Sweden, and other regions.

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