Solid Automotive Bhd (XKLS:5242) ROCE % : 3.34% (As of Oct. 2024)

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What is Solid Automotive 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. Solid Automotive Bhd's annualized ROCE % for the quarter that ended in Oct. 2024 was 3.34%.

Solid Automotive Bhd ROCE % Historical Data

The historical data trend for Solid Automotive 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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Solid Automotive Bhd ROCE % Chart

Solid Automotive Bhd Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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-1.81

10.72

5.18

7.47

18.76

Solid Automotive Bhd Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
ROCE %	Get a 7-Day Free Trial															3.05	4.59	61.96	4.40	3.34

Solid Automotive Bhd ROCE % Calculation

Solid Automotive Bhd's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	41.722	/	( ( (293.272 - 89.636)	+	(318.433 - 77.156) )	/ 2 )
	=	41.722	/	( (203.636	+	241.277)	/ 2 )
	=	41.722	/	222.4565
	=	18.76 %

Solid Automotive Bhd's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	8.064	/	( ( (328.293 - 85.552)	+	(329.414 - 89.325) )	/ 2 )
	=	8.064	/	( ( 242.741	+	240.089 )	/ 2 )
	=	8.064	/	241.415
	=	3.34 %

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

Solid Automotive Bhd (XKLS:5242) 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.

Solid Automotive Bhd ROCE % Related Terms

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Solid Automotive Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

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