Wong Engineering Bhd (XKLS:7050) ROCE % : -10.11% (As of Jan. 2024)

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What is Wong Engineering 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. Wong Engineering Bhd's annualized ROCE % for the quarter that ended in Jan. 2024 was -10.11%.

Wong Engineering Bhd ROCE % Historical Data

The historical data trend for Wong Engineering 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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Wong Engineering Bhd ROCE % Chart

Wong Engineering Bhd Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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7.86

6.47

15.35

6.31

-4.41

Wong Engineering 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															-5.68	-2.77	-1.66	-7.20	-10.11

Wong Engineering Bhd ROCE % Calculation

Wong Engineering Bhd's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	-4.695	/	( ( (116.262 - 15.544)	+	(124.941 - 12.756) )	/ 2 )
	=	-4.695	/	( (100.718	+	112.185)	/ 2 )
	=	-4.695	/	106.4515
	=	-4.41 %

Wong Engineering 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 )
	=	-11.108	/	( ( (124.941 - 12.756)	+	(118.313 - 10.683) )	/ 2 )
	=	-11.108	/	( ( 112.185	+	107.63 )	/ 2 )
	=	-11.108	/	109.9075
	=	-10.11 %

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

Wong Engineering Bhd (XKLS:7050) 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.

Wong Engineering Bhd ROCE % Related Terms

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Wong Engineering Bhd (XKLS:7050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wong Engineering Corp Bhd (XKLS:7050) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 24, Jalan Hi-Tech 4, Phase 1, Kulim Hi-Tech Park (Phase 1), Kulim, KDH, MYS, 09000

Website

https://www.wec.com.my

Wong Engineering Corp Bhd provides product design, development and manufacturing services to its customers from industries including the Oil and Gas, Aerospace, Telecommunication, Test Instrument, Automotive and Medical Devices sector. The company offers its customer a one-stop value-added mechanical solution that encompasses the entire supply chain till the final assembly. The segments of the company are, 1) Precision engineering which includes the design and manufacture of high-precision metal stamped parts and sheet metals. 2) Construction and property development includes the provision of general buildings construction and infrastructure work,and the provision of property development and related business. 3) Others include Investment holding.

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