EITA Resources Bhd (XKLS:5208) ROCE % : 3.97% (As of Mar. 2024)

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What is EITA Resources 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. EITA Resources Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.97%.

EITA Resources Bhd ROCE % Historical Data

The historical data trend for EITA Resources 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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EITA Resources Bhd ROCE % Chart

EITA Resources Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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16.59

13.55

13.29

11.98

6.91

EITA Resources Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.23	6.99	15.77	18.49	3.97

EITA Resources Bhd ROCE % Calculation

EITA Resources Bhd's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	15.849	/	( ( (347.927 - 118.067)	+	(363.277 - 134.525) )	/ 2 )
	=	15.849	/	( (229.86	+	228.752)	/ 2 )
	=	15.849	/	229.306
	=	6.91 %

EITA Resources Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	9.948	/	( ( (381.424 - 142.777)	+	(378.699 - 116.78) )	/ 2 )
	=	9.948	/	( ( 238.647	+	261.919 )	/ 2 )
	=	9.948	/	250.283
	=	3.97 %

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

EITA Resources Bhd (XKLS:5208) 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.

EITA Resources Bhd ROCE % Related Terms

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EITA Resources Bhd (XKLS:5208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EITA Resources Bhd (XKLS:5208) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Lot 4, Block A, Jalan SS13/7, Subang Jaya Industrial Estate, Subang Jaya, SGR, MYS, 47500

Website

http://www.eita.com.my

EITA Resources Bhd is an investment holding company. The business of the company operates through various segments that are Design & Manufacturing, which includes purchasing, designing, and manufacturing of elevator and bus ducts; Marketing & Distribution, which includes purchasing, marketing, and distributing electrical and electronic components; Services, which is into the maintenance of elevator systems and carrying out civil, electrical, and general construction works; and High Voltage system, which carries out electrical engineering, and general construction work. Its products include elevators, power equipment, cabling, control equipment, security, green technology, and lighting & surge protection system. Its geographical segments are Malaysia, ASEAN, the Middle East, and others.

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