Concrete Engineering Products Bhd (XKLS:8435) ROCE % : -4.17% (As of Feb. 2024)

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What is Concrete Engineering Products 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. Concrete Engineering Products Bhd's annualized ROCE % for the quarter that ended in Feb. 2024 was -4.17%.

Concrete Engineering Products Bhd ROCE % Historical Data

The historical data trend for Concrete Engineering Products 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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Concrete Engineering Products Bhd ROCE % Chart

Concrete Engineering Products Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

ROCE %

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-8.31

-17.78

-21.07

2.64

3.31

Concrete Engineering Products Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															-11.25	11.23	36.89	-5.58	-4.17

Concrete Engineering Products Bhd ROCE % Calculation

Concrete Engineering Products Bhd's annualized ROCE % for the fiscal year that ended in Aug. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2023 )		(A: Aug. 2022 )		(A: Aug. 2023 )
	=	2.094	/	( ( (142.013 - 79.199)	+	(136.757 - 73.155) )	/ 2 )
	=	2.094	/	( (62.814	+	63.602)	/ 2 )
	=	2.094	/	63.208
	=	3.31 %

Concrete Engineering Products Bhd's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-2.596	/	( ( (135.448 - 72.947)	+	(129.165 - 67.109) )	/ 2 )
	=	-2.596	/	( ( 62.501	+	62.056 )	/ 2 )
	=	-2.596	/	62.2785
	=	-4.17 %

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

Concrete Engineering Products Bhd (XKLS:8435) 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.

Concrete Engineering Products Bhd ROCE % Related Terms

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Concrete Engineering Products Bhd (XKLS:8435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Concrete Engineering Products Bhd (XKLS:8435) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sultan Ismail, 22nd Floor, Menara KH (Promet), Kuala Lumpur, SGR, MYS, 50250

Website

https://www.cepco.com.my

Concrete Engineering Products Bhd is principally engaged in the manufacturing and distribution of prestressed spun concrete piles and poles. These piles are used for foundation piles for buildings, pile embankments, bridges, ports, and marine structures, and the poles are used for telecommunication lines, electric power transmission and distribution lines, traffic signal equipment, and street lighting. Geographically, it derives a majority of its revenue from Malaysia and it also operates in Southeast Asia.

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