New Hoong Fatt Holdings Bhd (XKLS:7060) ROCE % : 3.16% (As of Sep. 2024)

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What is New Hoong Fatt 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. New Hoong Fatt Holdings Bhd's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.16%.

New Hoong Fatt Holdings Bhd ROCE % Historical Data

The historical data trend for New Hoong Fatt 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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New Hoong Fatt Holdings Bhd ROCE % Chart

New Hoong Fatt Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.04

3.03

4.89

6.08

8.96

New Hoong Fatt Holdings Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															7.00	5.59	10.50	8.42	3.16

New Hoong Fatt Holdings Bhd ROCE % Calculation

New Hoong Fatt Holdings 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 )
	=	52.66	/	( ( (595.652 - 26.735)	+	(630.825 - 23.961) )	/ 2 )
	=	52.66	/	( (568.917	+	606.864)	/ 2 )
	=	52.66	/	587.8905
	=	8.96 %

New Hoong Fatt Holdings Bhd's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	19.856	/	( ( (649.445 - 20.697)	+	(648.317 - 21.928) )	/ 2 )
	=	19.856	/	( ( 628.748	+	626.389 )	/ 2 )
	=	19.856	/	627.5685
	=	3.16 %

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

New Hoong Fatt Holdings Bhd (XKLS:7060) 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.

New Hoong Fatt Holdings Bhd ROCE % Related Terms

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New Hoong Fatt Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Hoong Fatt Holdings Bhd (XKLS:7060) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teratai, Meru, Lot 5043, Klang, SGR, MYS, 41050

Website

https://www.newhoongfatt.com.my

New Hoong Fatt Holdings Bhd is an investment holding company based in Malaysia that provides automotive parts solutions through its subsidiaries. Its products are classified under different categories such as Metal Automotive parts which include door, hood, tailgate, fender, trunk lid, and bonnet; Plastic Automotive parts such as the bumper, grille, lamp, lamp accessories, door handle, and door mirror; and Automotive Accessories such as oil filter, spark plug, brake pad, air filter, ignition switch, fan motor, and others. The company's geographical segments include Malaysia; ASEAN; and Non-ASEAN (such as Middle East, Central and South America, Europe, Africa, and China). It derives the majority of revenue from Malaysia.

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