Kein Hing International Bhd (XKLS:7199) ROCE % : 5.88% (As of Apr. 2024)

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What is Kein Hing International 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. Kein Hing International Bhd's annualized ROCE % for the quarter that ended in Apr. 2024 was 5.88%.

Kein Hing International Bhd ROCE % Historical Data

The historical data trend for Kein Hing International 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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Kein Hing International Bhd ROCE % Chart

Kein Hing International Bhd Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

ROCE %

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5.36

13.26

15.58

17.45

11.42

Kein Hing International Bhd Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
ROCE %	Get a 7-Day Free Trial															7.39	16.85	14.96	7.05	5.88

Kein Hing International Bhd ROCE % Calculation

Kein Hing International Bhd's annualized ROCE % for the fiscal year that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Apr. 2024 )		(A: Apr. 2023 )		(A: Apr. 2024 )
	=	23.782	/	( ( (263.559 - 62.918)	+	(285.602 - 69.805) )	/ 2 )
	=	23.782	/	( (200.641	+	215.797)	/ 2 )
	=	23.782	/	208.219
	=	11.42 %

Kein Hing International Bhd's ROCE % of for the quarter that ended in Apr. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Apr. 2024 )		(Q: Jan. 2024 )		(Q: Apr. 2024 )
	=	12.724	/	( ( (285.98 - 68.967)	+	(285.602 - 69.805) )	/ 2 )
	=	12.724	/	( ( 217.013	+	215.797 )	/ 2 )
	=	12.724	/	216.405
	=	5.88 %

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

Kein Hing International Bhd (XKLS:7199) 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.

Kein Hing International Bhd ROCE % Related Terms

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Kein Hing International Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kein Hing International Bhd (XKLS:7199) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Lot 1863, Jalan Kolej, Seri Kembangan, SGR, MYS, 43300

Website

http://www.keinhing.com

Kein Hing International Bhd is a Malaysia based investment holding company. The company's operating segment includes Manufacturing; Trading and Investment holding. It generates maximum revenue from the Manufacturing segment. Manufacturing segment includes sheet metal forming, precision machining, component assembly and manufacture and sale of gas appliances. Geographically, it derives a majority of its revenue is from Vietnam and also has a presence in Malaysia; America; Europe; Hong Kong; Thailand; Australia; Brazil and Other Countries.

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