Paragon Union Bhd (XKLS:9407) ROCE % : -3.62% (As of Mar. 2024)

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What is Paragon Union 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. Paragon Union Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.62%.

Paragon Union Bhd ROCE % Historical Data

The historical data trend for Paragon Union 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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Paragon Union Bhd ROCE % Chart

Paragon Union Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.20

-10.09

-28.63

-9.40

14.79

Paragon Union Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-17.87	-15.87	81.77	13.09	-3.62

Paragon Union Bhd ROCE % Calculation

Paragon Union 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 )
	=	10.214	/	( ( (66.107 - 21.426)	+	(107.834 - 14.379) )	/ 2 )
	=	10.214	/	( (44.681	+	93.455)	/ 2 )
	=	10.214	/	69.068
	=	14.79 %

Paragon Union 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 )
	=	-3.36	/	( ( (107.834 - 14.379)	+	(107.4 - 15.157) )	/ 2 )
	=	-3.36	/	( ( 93.455	+	92.243 )	/ 2 )
	=	-3.36	/	92.849
	=	-3.62 %

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

Paragon Union Bhd (XKLS:9407) 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.

Paragon Union Bhd ROCE % Related Terms

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Paragon Union Bhd (XKLS:9407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Paragon Union Bhd (XKLS:9407) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 14 Jalan CJ 1/1, Kawasan Perindustrian Cheras Jaya, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.paragon.com.my

Paragon Union Bhd, through its subsidiaries, engages in the manufacturing and distribution of commercial carpets, rugs, automotive carpets and NVH components. It has two reportable business: Automotive and Commercial. The Automotive segment covers car carpets and components, and the Commercial segment produces commercial carpets. The Automotive segment generates maximum revenue for the company. Geographically, the company has a business presence in Malaysia, Dubai and others, of which a majority of the revenue is derived from Malaysia.

Paragon Union Bhd (XKLS:9407) Headlines

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