Gas Malaysia Bhd (XKLS:5209) ROCE % : 37.86% (As of Jun. 2024)

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What is Gas Malaysia 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. Gas Malaysia Bhd's annualized ROCE % for the quarter that ended in Jun. 2024 was 37.86%.

Gas Malaysia Bhd ROCE % Historical Data

The historical data trend for Gas Malaysia 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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Gas Malaysia Bhd ROCE % Chart

Gas Malaysia Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.47

21.94

24.96

38.01

32.40

Gas Malaysia Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															35.49	29.52	37.02	34.44	37.86

Gas Malaysia Bhd ROCE % Calculation

Gas Malaysia 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 )
	=	529.693	/	( ( (3147.131 - 1560.554)	+	(3206.95 - 1524.027) )	/ 2 )
	=	529.693	/	( (1586.577	+	1682.923)	/ 2 )
	=	529.693	/	1634.75
	=	32.40 %

Gas Malaysia Bhd's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	614.124	/	( ( (3338.843 - 1770.8)	+	(3319.864 - 1643.889) )	/ 2 )
	=	614.124	/	( ( 1568.043	+	1675.975 )	/ 2 )
	=	614.124	/	1622.009
	=	37.86 %

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

Gas Malaysia Bhd (XKLS:5209) 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.

Gas Malaysia Bhd ROCE % Related Terms

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Gas Malaysia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gas Malaysia Bhd (XKLS:5209) » Definitions » ROCE %

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Address

Number 5, Jalan Serendah 26/17, Seksyen 26, Shah Alam, SGR, MYS, 40732

Website

https://www.gasmalaysia.com

Gas Malaysia Bhd is a Malaysian gas utility company of which the shareholder is the state-owned Malaysian energy corporation, Petronas. Gas Malaysia is involved in the distribution and sale of natural gas and liquefied petroleum gas (LPG) within the Natural Gas Distribution System in Peninsular Malaysia. The company segments its operations into Natural Gas and LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Within this unit, the sale of natural gas generates the vast majority of revenue. Malaysia Gas also receives revenue from sales of LPG, the construction of pipelines, and pipeline usage tolling fees. While the company serves a variety of industrial and commercial consumers, its customers are residential entities.

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