Spring Art Holdings Bhd (XKLS:0216) ROCE % : 15.02% (As of Mar. 2024)

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What is Spring Art 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. Spring Art Holdings Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.02%.

Spring Art Holdings Bhd ROCE % Historical Data

The historical data trend for Spring Art 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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Spring Art Holdings Bhd ROCE % Chart

Spring Art Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.31

10.94

8.76

3.58

7.93

Spring Art Holdings Bhd Quarterly Data
	Apr19	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															2.75	2.56	9.05	17.53	15.02

Spring Art Holdings Bhd ROCE % Calculation

Spring Art 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 )
	=	8.064	/	( ( (104.861 - 5.936)	+	(113.974 - 9.431) )	/ 2 )
	=	8.064	/	( (98.925	+	104.543)	/ 2 )
	=	8.064	/	101.734
	=	7.93 %

Spring Art 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 )
	=	15.904	/	( ( (113.974 - 9.431)	+	(120.58 - 13.385) )	/ 2 )
	=	15.904	/	( ( 104.543	+	107.195 )	/ 2 )
	=	15.904	/	105.869
	=	15.02 %

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

Spring Art Holdings Bhd (XKLS:0216) 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.

Spring Art Holdings Bhd ROCE % Related Terms

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Spring Art Holdings Bhd (XKLS:0216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Spring Art Holdings Bhd (XKLS:0216) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Persindustrian Bukit Pasir, Lot Plo 49, Jalan Rami 4, Bukit Pasir, Muar, JHR, MYS, 84300

Website

https://www.springart.com

Spring Art Holdings Bhd is involved in the manufacturing of ready-to-assemble furniture products. The business activities of the group include design, development, manufacturing, and marketing sales of office furniture, bedroom furniture, living room furniture as well as other types of furniture. Its product offering consists of study tables, shoe cabinets, TV cabinets, bedrooms, living rooms, and office-related furniture. The operating segments of the group only consist of design, development, manufacturing and marketing, and sale of furniture products. The group has a worldwide business presence.

Spring Art Holdings Bhd (XKLS:0216) Headlines

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