Gromutual Bhd (XKLS:9962) ROCE % : 6.56% (As of Dec. 2024)

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What is Gromutual 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. Gromutual Bhd's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.56%.

Gromutual Bhd ROCE % Historical Data

The historical data trend for Gromutual 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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Gromutual Bhd ROCE % Chart

Gromutual Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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4.57

4.49

3.44

5.22

5.85

Gromutual Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.88	2.20	2.19	12.50	6.56

Gromutual Bhd ROCE % Calculation

Gromutual Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	26.183	/	( ( (494.136 - 57.73)	+	(539.102 - 80.12) )	/ 2 )
	=	26.183	/	( (436.406	+	458.982)	/ 2 )
	=	26.183	/	447.694
	=	5.85 %

Gromutual Bhd's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	29.936	/	( ( (528.878 - 75.616)	+	(539.102 - 80.12) )	/ 2 )
	=	29.936	/	( ( 453.262	+	458.982 )	/ 2 )
	=	29.936	/	456.122
	=	6.56 %

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

Gromutual Bhd (XKLS:9962) 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.

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Gromutual Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gromutual Bhd (XKLS:9962) » Definitions » ROCE %

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Address

PH1, Austin 18, Jalan Austin Perdana 3, Taman Austin Perdana, Johor Bahru, JHR, MYS, 81100

Website

https://www.gromutual.com

Gromutual Bhd is an investment holding company, which is engaged in the development, construction, and management of properties in Malaysia. The business activity of the firm is operated through Property Development, Property Management, and other segments. The Property development segment consists of the construction contract. The Property management segment consists of the rental of properties. The Others segment includes small plantation businesses and group-level corporate services and treasury functions. The development products range from landed residential, commercial buildings, high-rise versatile business suites, and industrial parks.

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