Well Chip Group Bhd (XKLS:5325) ROCE % : 17.56% (As of Dec. 2023)

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What is Well Chip 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. Well Chip Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.56%.

Well Chip Group Bhd ROCE % Historical Data

The historical data trend for Well Chip 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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Well Chip Group Bhd ROCE % Chart

Well Chip Group Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

34.58

22.93

21.84

17.56

Well Chip Group Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
ROCE %	34.58	22.93	21.84	17.56

Well Chip Group Bhd ROCE % Calculation

Well Chip 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 )
	=	50.371	/	( ( (434.568 - 248.155)	+	(660.126 - 272.956) )	/ 2 )
	=	50.371	/	( (186.413	+	387.17)	/ 2 )
	=	50.371	/	286.7915
	=	17.56 %

Well Chip Group Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	50.371	/	( ( (434.568 - 248.155)	+	(660.126 - 272.956) )	/ 2 )
	=	50.371	/	( ( 186.413	+	387.17 )	/ 2 )
	=	50.371	/	286.7915
	=	17.56 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

Well Chip Group Bhd (XKLS:5325) 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.

Well Chip Group Bhd ROCE % Related Terms

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Well Chip Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Well Chip Group Bhd (XKLS:5325) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Harmonium 35/3, No. 23-01 & 23-02, Taman Desa Tebrau, Johor Bahru, JHR, MYS, 81100

Website

https://www.wellchip.com.my

Well Chip Group Bhd is engaged in provision of pawnbroking services where it offer pledges-backed pawn loans with a short repayment period to pawnbroking customers. Pawn loans are commonly defined as micro-loans provided against pledges such as gold, gold jewellery and luxury watches; and retail and trading of jewellery and gold. The company operates two reportable segments Pawnbroking services and Retail and trading of jewellery and gold. Key revenue is generated from Retail and trading of jewellery and gold which includes Retail sale of new and pre-owned jewellery and gold, also Sale of scrap gold acquired from unredeemed and bid pledges Sale of scrap gold acquired from unredeemed and bid pled.

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