Astro Malaysia Holdings Bhd (XKLS:6399) ROCE % : 9.79% (As of Jan. 2024)

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What is Astro Malaysia Holdings 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. Astro Malaysia Holdings Bhd's annualized ROCE % for the quarter that ended in Jan. 2024 was 9.79%.

Astro Malaysia Holdings Bhd ROCE % Historical Data

The historical data trend for Astro Malaysia Holdings 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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Astro Malaysia Holdings Bhd ROCE % Chart

Astro Malaysia Holdings Bhd Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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25.26

21.05

19.98

12.97

6.29

Astro Malaysia Holdings Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															9.86	6.94	10.30	0.28	9.79

Astro Malaysia Holdings Bhd ROCE % Calculation

Astro Malaysia Holdings Bhd's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	265.268	/	( ( (5700.729 - 1672.997)	+	(5663.982 - 1257.757) )	/ 2 )
	=	265.268	/	( (4027.732	+	4406.225)	/ 2 )
	=	265.268	/	4216.9785
	=	6.29 %

Astro Malaysia Holdings Bhd's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	433.472	/	( ( (5686.4 - 1234.8)	+	(5663.982 - 1257.757) )	/ 2 )
	=	433.472	/	( ( 4451.6	+	4406.225 )	/ 2 )
	=	433.472	/	4428.9125
	=	9.79 %

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

Astro Malaysia Holdings Bhd (XKLS:6399) 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.

Astro Malaysia Holdings Bhd ROCE % Related Terms

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Astro Malaysia Holdings Bhd (XKLS:6399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Astro Malaysia Holdings Bhd (XKLS:6399) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Lebuhraya Puchong-Sungai Besi, Technology Park Malaysia, All Asia Broadcast Centre, Bukit Jalil, Kuala Lumpur, SGR, MYS, 57000

Website

https://corporate.astro.com.my

Astro Malaysia Holdings Bhd is an entertainment holding company operating in the diversified media industry. The company's business segments include Television, Radio, Home-shopping, and others. The Television segment provides content, creation, and aggregation of media. Additionally, it provides magazine publication and distribution. The radio segment provides radio broadcasting services to customers. The company generates the majority of its revenue in Malaysia.

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