Nextgreen Global Berhad (XKLS:7241) ROCE % : 4.04% (As of Mar. 2024)

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What is Nextgreen Global Berhad 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. Nextgreen Global Berhad's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.04%.

Nextgreen Global Berhad ROCE % Historical Data

The historical data trend for Nextgreen Global Berhad'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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Nextgreen Global Berhad ROCE % Chart

Nextgreen Global Berhad Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.36

4.00

5.79

5.83

4.64

Nextgreen Global Berhad Quarterly Data
	Sep18	Dec18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.56	2.47	3.52	9.54	4.04

Nextgreen Global Berhad ROCE % Calculation

Nextgreen Global Berhad'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 )
	=	17.076	/	( ( (396.482 - 62.758)	+	(465.232 - 62.229) )	/ 2 )
	=	17.076	/	( (333.724	+	403.003)	/ 2 )
	=	17.076	/	368.3635
	=	4.64 %

Nextgreen Global Berhad'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 )
	=	16.788	/	( ( (465.232 - 62.229)	+	(490.824 - 62.828) )	/ 2 )
	=	16.788	/	( ( 403.003	+	427.996 )	/ 2 )
	=	16.788	/	415.4995
	=	4.04 %

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

Nextgreen Global Berhad (XKLS:7241) 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.

Nextgreen Global Berhad ROCE % Related Terms

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Nextgreen Global Berhad (XKLS:7241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Nextgreen Global Berhad (XKLS:7241) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 1, Jalan Wan Kadir, Level 6-02, Menara LGB, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.nextgreenglobal.com

Nextgreen Global Berhad is an investment holding company. It is engaged in the printing of magazines, general publications, directories, company annual reports, as well as brochures and pamphlets. The company is organized into five reportable segments comprising Printing and Publishing, Manufacturing, Property and construction, Investment Holding and Utility and Renewable energy. The revenue is generated mainly from Property and construction segment. Its primary geographic markets are Malaysia, Nigeria, Kenya, and the Republic of Palau.

Nextgreen Global Berhad (XKLS:7241) Headlines

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