Mitrajaya Holdings Bhd (XKLS:9571) ROCE % : 0.60% (As of Mar. 2024)

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What is Mitrajaya Holdings 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. Mitrajaya Holdings Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.60%.

Mitrajaya Holdings Bhd ROCE % Historical Data

The historical data trend for Mitrajaya Holdings 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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Mitrajaya Holdings Bhd ROCE % Chart

Mitrajaya Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.85

3.06

-1.00

1.74

3.23

Mitrajaya Holdings 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															15.98	-0.72	-1.33	-1.11	0.60

Mitrajaya Holdings Bhd ROCE % Calculation

Mitrajaya Holdings 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 )
	=	25.092	/	( ( (1026.37 - 251.721)	+	(943.376 - 166.016) )	/ 2 )
	=	25.092	/	( (774.649	+	777.36)	/ 2 )
	=	25.092	/	776.0045
	=	3.23 %

Mitrajaya Holdings 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 )
	=	4.636	/	( ( (943.376 - 166.016)	+	(933.23 - 156.057) )	/ 2 )
	=	4.636	/	( ( 777.36	+	777.173 )	/ 2 )
	=	4.636	/	777.2665
	=	0.60 %

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

Mitrajaya Holdings Bhd (XKLS:9571) 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.

Mitrajaya Holdings Bhd ROCE % Related Terms

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Mitrajaya Holdings Bhd (XKLS:9571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitrajaya Holdings Bhd (XKLS:9571) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 9, Blok D, Pusat Perdagangan Puchong Prima, Persiaran Prima Utama, Taman Puchong Prima, Puchong, SGR, MYS, 47150

Website

https://www.mitrajaya.com.my

Mitrajaya Holdings Bhd is a Malaysian company that operates in the construction, property development, healthcare and manufacturing, and trading industries. The company is involved in civil engineering, building, and road construction work, property development, and healthcare. The company manages its business segments namely construction, property development, and investment. The construction segment generates revenue.

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