Itmax System Bhd (XKLS:5309) ROCE % : 24.66% (As of Mar. 2024)

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What is Itmax System 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. Itmax System Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.66%.

Itmax System Bhd ROCE % Historical Data

The historical data trend for Itmax System 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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Itmax System Bhd ROCE % Chart

Itmax System Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.98

36.32

46.61

24.20

22.14

Itmax System Bhd Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								24.09	22.26	24.14	19.26	24.66

Itmax System Bhd ROCE % Calculation

Itmax System 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 )
	=	82.559	/	( ( (391.902 - 39.722)	+	(437.991 - 44.454) )	/ 2 )
	=	82.559	/	( (352.18	+	393.537)	/ 2 )
	=	82.559	/	372.8585
	=	22.14 %

Itmax System 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 )
	=	97.372	/	( ( (437.991 - 44.454)	+	(454.71 - 58.566) )	/ 2 )
	=	97.372	/	( ( 393.537	+	396.144 )	/ 2 )
	=	97.372	/	394.8405
	=	24.66 %

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

Itmax System Bhd (XKLS:5309) 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.

Itmax System Bhd ROCE % Related Terms

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Itmax System Bhd (XKLS:5309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Itmax System Bhd (XKLS:5309) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30-G & 30-3, Jalan Radin Bagus 3, Seri Petaling, Kuala Lumpur, MYS, 57000

Website

https://www.itmax.com.my

Itmax System Bhd is principally involved in the business of supply and installation and provision of public space networked systems.

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