Techbase Industries Bhd (XKLS:8966) ROCE % : -7.06% (As of Jan. 2024)

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What is Techbase Industries 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. Techbase Industries Bhd's annualized ROCE % for the quarter that ended in Jan. 2024 was -7.06%.

Techbase Industries Bhd ROCE % Historical Data

The historical data trend for Techbase Industries 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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Techbase Industries Bhd ROCE % Chart

Techbase Industries Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

ROCE %

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5.69

8.80

7.16

5.07

7.70

Techbase Industries Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															25.51	-13.49	1.03	-10.77	-7.06

Techbase Industries Bhd ROCE % Calculation

Techbase Industries Bhd's annualized ROCE % for the fiscal year that ended in Jul. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jul. 2023 )		(A: Jul. 2022 )		(A: Jul. 2023 )
	=	28.051	/	( ( (417.039 - 57.375)	+	(416.878 - 47.613) )	/ 2 )
	=	28.051	/	( (359.664	+	369.265)	/ 2 )
	=	28.051	/	364.4645
	=	7.70 %

Techbase Industries Bhd's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	-24.916	/	( ( (415.028 - 55.851)	+	(402.69 - 55.805) )	/ 2 )
	=	-24.916	/	( ( 359.177	+	346.885 )	/ 2 )
	=	-24.916	/	353.031
	=	-7.06 %

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

Techbase Industries Bhd (XKLS:8966) 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.

Techbase Industries Bhd ROCE % Related Terms

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Techbase Industries Bhd (XKLS:8966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Techbase Industries Bhd (XKLS:8966) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

PTD 94657, Batu 6, Jalan Mersing, Kluang, JHR, MYS, 83000

Website

https://www.prolexus.com.my

Prolexus Bhd is engaged in investment holding and the provision of management services. The company's business segments are Apparel, which includes the manufacturing of apparel and provision of apparel manufacturing services; Textile segment which includes the manufacturing of textiles and provision of textile manufacturing services; Advertising, which is engaged in the provision of advertising services on multimedia boards, and Others, which includes investment holding, property investment, provision of management services and provision of agency services. The company generates the maximum of its revenue from the apparel segment. Its primary geographic markets are Malaysia, the United States of America which generates maximum revenue, European countries, Asia, and other countries.

Techbase Industries Bhd (XKLS:8966) Headlines

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