Joe Holding Bhd (XKLS:7096) ROCE % : 4.35% (As of Dec. 2023)

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What is Joe Holding 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. Joe Holding Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.35%.

Joe Holding Bhd ROCE % Historical Data

The historical data trend for Joe Holding 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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Joe Holding Bhd ROCE % Chart

Joe Holding Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-2.73

-0.65

-15.78

-17.16

Joe Holding 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															4.79	1.43	-4.01	1.22	4.35

Joe Holding Bhd ROCE % Calculation

Joe Holding Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-36.085	/	( ( (239.288 - 11.682)	+	(255.51 - 62.574) )	/ 2 )
	=	-36.085	/	( (227.606	+	192.936)	/ 2 )
	=	-36.085	/	210.271
	=	-17.16 %

Joe Holding 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 )
	=	8.392	/	( ( (258.154 - 67.766)	+	(265.016 - 69.825) )	/ 2 )
	=	8.392	/	( ( 190.388	+	195.191 )	/ 2 )
	=	8.392	/	192.7895
	=	4.35 %

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

Joe Holding Bhd (XKLS:7096) 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.

Joe Holding Bhd ROCE % Related Terms

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Joe Holding Bhd (XKLS:7096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Joe Holding Bhd (XKLS:7096) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teratai, Off Jalan Meru, Lot 5031 and 5032, Klang, SGR, MYS, 41050

Website

https://gp-products.com

Joe Holding Bhd is an investment holding company. The company's operating segment includes Automotive batteries; Valve Regulated Lead Acid (VRLA) batteries; Investment holding and others. It generates maximum revenue from the Automotive batteries segment. The Automotive batteries segment is engaged in the manufacture, assembly, and sale of automotive batteries and components. Geographically, it derives a majority of revenue from Malaysia. Valve Regulated Lead Acid batteries segment includes Manufacture, assembly and sales of sealed lead acid batteries. Investment holding segment includes Provision of warehouse storage service. Others includes Glove manufacturing and dormant subsidiary companies.

Joe Holding Bhd (XKLS:7096) Headlines

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