Thriven Global Bhd (XKLS:7889) ROCE % : -9.24% (As of Mar. 2024)

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What is Thriven Global 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. Thriven Global Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.24%.

Thriven Global Bhd ROCE % Historical Data

The historical data trend for Thriven Global 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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Thriven Global Bhd ROCE % Chart

Thriven Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.70

4.79

-3.36

0.73

-21.07

Thriven Global Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-35.48	-8.79	-11.77	-31.31	-9.24

Thriven Global Bhd ROCE % Calculation

Thriven Global Bhd'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 )
	=	-38.444	/	( ( (334.616 - 143.801)	+	(259.89 - 85.833) )	/ 2 )
	=	-38.444	/	( (190.815	+	174.057)	/ 2 )
	=	-38.444	/	182.436
	=	-21.07 %

Thriven Global Bhd'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 )
	=	-15.792	/	( ( (259.89 - 85.833)	+	(249.049 - 81.188) )	/ 2 )
	=	-15.792	/	( ( 174.057	+	167.861 )	/ 2 )
	=	-15.792	/	170.959
	=	-9.24 %

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

Thriven Global Bhd (XKLS:7889) 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.

Thriven Global Bhd ROCE % Related Terms

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Thriven Global Bhd (XKLS:7889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Thriven Global Bhd (XKLS:7889) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Persiaran Tropicana, PJU 3, PS1-08, Lumi Tropicana, Petaling Jaya, SGR, MYS, 47410

Website

https://www.thriven.com.my

Thriven Global Bhd operates as an investment holding company. It is engaged in the business of property development and property investment in Malaysia. The company operates through segments are, Property Development which is engaged in the development of residential and commercial properties. Property Investment segment is engaged in the management and leasing of properties and Investment segment, Food and beverages and investment holding activities from these the firm generates the majority of its revenue from the Property development segment. The group operates only in Malaysia.

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