AbleGroup Bhd (XKLS:7086) ROCE % : 0.50% (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is AbleGroup 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. AbleGroup Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.50%.

AbleGroup Bhd ROCE % Historical Data

The historical data trend for AbleGroup 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.

* Premium members only.

AbleGroup Bhd ROCE % Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-1.32

-2.53

0.17

1.46

AbleGroup Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.96	0.16	3.33	1.38	0.50

AbleGroup Bhd ROCE % Calculation

AbleGroup 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 )
	=	0.638	/	( ( (45.641 - 2.029)	+	(45.858 - 1.859) )	/ 2 )
	=	0.638	/	( (43.612	+	43.999)	/ 2 )
	=	0.638	/	43.8055
	=	1.46 %

AbleGroup Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	0.22	/	( ( (45.858 - 1.859)	+	(45.436 - 1.446) )	/ 2 )
	=	0.22	/	( ( 43.999	+	43.99 )	/ 2 )
	=	0.22	/	43.9945
	=	0.50 %

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

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd ROCE % Related Terms

Thank you for viewing the detailed overview of AbleGroup Bhd's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

AbleGroup Bhd (XKLS:7086) Headlines

No Headlines