MBM Resources Bhd (XKLS:5983) ROCE % : 18.71% (As of Dec. 2023)

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What is MBM 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. MBM Resources Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.71%.

MBM Resources Bhd ROCE % Historical Data

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

MBM Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.65

10.00

9.81

14.26

16.41

MBM Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.43	15.94	10.47	20.76	18.71

MBM Resources Bhd ROCE % Calculation

MBM Resources 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 )
	=	392.214	/	( ( (2528.591 - 179.51)	+	(2596.285 - 163.877) )	/ 2 )
	=	392.214	/	( (2349.081	+	2432.408)	/ 2 )
	=	392.214	/	2390.7445
	=	16.41 %

MBM Resources 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	451.108	/	( ( (2590.081 - 199.899)	+	(2596.285 - 163.877) )	/ 2 )
	=	451.108	/	( ( 2390.182	+	2432.408 )	/ 2 )
	=	451.108	/	2411.295
	=	18.71 %

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

MBM Resources Bhd (XKLS:5983) 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.

MBM Resources Bhd ROCE % Related Terms

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MBM Resources Bhd (XKLS:5983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MBM Resources Bhd (XKLS:5983) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-01, Level 23, Menara MBMR, 1 Jalan Syed Putra, Kuala Lumpur, MYS, 58000

Website

https://www.mbmr.com.my

MBM Resources Bhd is a Malaysian company that is in the business of motor trading and manufacturing auto parts. It has Motor trading, Auto parts manufacturing, and Other segments. The motor trading segment covers the marketing and distribution of motor vehicles, spare parts, and the provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration, and harshness products, and provision of tyre assembly services. The motor trading segment generates majority of the revenues for the company.

MBM Resources Bhd (XKLS:5983) Headlines

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