Harn Len Bhd (XKLS:7501) ROCE % : 11.27% (As of Nov. 2024)

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What is Harn Len 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. Harn Len Bhd's annualized ROCE % for the quarter that ended in Nov. 2024 was 11.27%.

Harn Len Bhd ROCE % Historical Data

The historical data trend for Harn Len 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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Harn Len Bhd ROCE % Chart

Harn Len Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

May23

May24

ROCE %

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-14.66

32.37

-4.79

1.00

Harn Len Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
ROCE %	Get a 7-Day Free Trial															3.94	0.17	2.84	9.18	11.27

Harn Len Bhd ROCE % Calculation

Harn Len Bhd's annualized ROCE % for the fiscal year that ended in May. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2024 )		(A: May. 2023 )		(A: May. 2024 )
	=	3.857	/	( ( (445.057 - 56.492)	+	(460.287 - 74.538) )	/ 2 )
	=	3.857	/	( (388.565	+	385.749)	/ 2 )
	=	3.857	/	387.157
	=	1.00 %

Harn Len Bhd's ROCE % of for the quarter that ended in Nov. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2024 )		(Q: Aug. 2024 )		(Q: Nov. 2024 )
	=	45.52	/	( ( (459.118 - 69.92)	+	(479.883 - 61.511) )	/ 2 )
	=	45.52	/	( ( 389.198	+	418.372 )	/ 2 )
	=	45.52	/	403.785
	=	11.27 %

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

Harn Len Bhd (XKLS:7501) 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.

Harn Len Bhd ROCE % Related Terms

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Harn Len Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Harn Len Corp Bhd (XKLS:7501) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

15 Jalan Gereja, 6th Floor, Johor Tower, Johor Bahru, JHR, MYS, 80100

Website

https://www.harnlen.com.my

Harn Len Corp Bhd is involved in the operation of oil palm plantations and oil milling operations. The operating segments of the company are; Plantation, and Property and Others. A majority of its revenue is generated from the Plantation segment which is engaged in the operation of oil palm estates, oil palm mills, sales and purchases of Fresh Fruit Bunches (FFB), cultivation of pineapples, sales and trading of Crude Palm Oil (CPO) and Palm Kernels (PK), and the provision of plantation development contract services. The Property and Others segment is involved in property investment in land, commercial and industrial buildings. Other business includes the operation of a food and beverage outlet.

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