YA Horng Electronic M Bhd (XKLS:7196) ROCE % : 9.22% (As of Jul. 2013)

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What is YA Horng Electronic M 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. YA Horng Electronic M Bhd's annualized ROCE % for the quarter that ended in Jul. 2013 was 9.22%.

YA Horng Electronic M Bhd ROCE % Historical Data

The historical data trend for YA Horng Electronic M 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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YA Horng Electronic M Bhd ROCE % Chart

YA Horng Electronic M Bhd Annual Data

Trend

Jan06

Jan07

Jan08

Jan09

Jan10

Jan11

Jan12

Jan13

ROCE %

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10.53

6.57

-1.81

0.71

YA Horng Electronic M Bhd Quarterly Data
	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13
ROCE %	Get a 7-Day Free Trial			14.41	-0.05	-12.80	-8.70	9.22

YA Horng Electronic M Bhd ROCE % Calculation

YA Horng Electronic M Bhd's annualized ROCE % for the fiscal year that ended in Jan. 2013 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2013 )		(A: Jan. 2012 )		(A: Jan. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2013 )		(A: Jan. 2012 )		(A: Jan. 2013 )
	=	0.571	/	( ( (97.476 - 17.1)	+	(92.675 - 11.449) )	/ 2 )
	=	0.571	/	( (80.376	+	81.226)	/ 2 )
	=	0.571	/	80.801
	=	0.71 %

YA Horng Electronic M Bhd's ROCE % of for the quarter that ended in Jul. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jul. 2013 )		(Q: Apr. 2013 )		(Q: Jul. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jul. 2013 )		(Q: Apr. 2013 )		(Q: Jul. 2013 )
	=	7.504	/	( ( (97.478 - 18.385)	+	(106.372 - 22.765) )	/ 2 )
	=	7.504	/	( ( 79.093	+	83.607 )	/ 2 )
	=	7.504	/	81.35
	=	9.22 %

(1) Note: The EBIT data used here is four times the quarterly (Jul. 2013) EBIT data.

YA Horng Electronic M Bhd (XKLS:7196) 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.

YA Horng Electronic M Bhd ROCE % Related Terms

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YA Horng Electronic M Bhd (XKLS:7196) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YA Horng Electronic M Bhd (XKLS:7196) » Definitions » ROCE %

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Website

http://www.i-yahorng.com

YA Horng Electronic M Bhd is an investment holding company, engages in the manufacture and sale of audio and electric products primarily in Malaysia, China, and Taiwan.

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