Lee Swee Kiat Group Bhd (XKLS:8079) ROCE % : 26.05% (As of Dec. 2023)

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What is Lee Swee Kiat Group 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. Lee Swee Kiat Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 26.05%.

Lee Swee Kiat Group Bhd ROCE % Historical Data

The historical data trend for Lee Swee Kiat Group 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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Lee Swee Kiat Group Bhd ROCE % Chart

Lee Swee Kiat Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.07

13.00

13.60

20.30

20.93

Lee Swee Kiat Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															21.21	20.86	16.99	22.37	26.05

Lee Swee Kiat Group Bhd ROCE % Calculation

Lee Swee Kiat Group 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 )
	=	17.381	/	( ( (114.256 - 33.697)	+	(117.833 - 32.339) )	/ 2 )
	=	17.381	/	( (80.559	+	85.494)	/ 2 )
	=	17.381	/	83.0265
	=	20.93 %

Lee Swee Kiat Group Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	21.844	/	( ( (115.327 - 33.126)	+	(117.833 - 32.339) )	/ 2 )
	=	21.844	/	( ( 82.201	+	85.494 )	/ 2 )
	=	21.844	/	83.8475
	=	26.05 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Lee Swee Kiat Group Bhd (XKLS:8079) 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.

Lee Swee Kiat Group Bhd ROCE % Related Terms

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Lee Swee Kiat Group Bhd (XKLS:8079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lee Swee Kiat Group Bhd (XKLS:8079) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wisma LSK, Jalan Haji Abdul Manan, Lot 6122, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.lsk.com.my

Lee Swee Kiat Group Bhd operates in the Mattresses and bedsprings sector in Malaysia. The Group is organized into two business segments: Investment holding, and Natural latex and mattress-related products. The Natural latex and mattress related products segment which generates majority revenue engages in the manufacturing, trading, and distribution of mattresses, bedding accessories, laminated foam, polyurethane foam, natural latex foam, and other related products. The investment holding segment engages in investment holding activity.

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