Red Ideas Holdings Bhd (XKLS:03002) ROCE % : -34.56% (As of Jun. 2023)

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What is Red Ideas 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. Red Ideas Holdings Bhd's annualized ROCE % for the quarter that ended in Jun. 2023 was -34.56%.

Red Ideas Holdings Bhd ROCE % Historical Data

The historical data trend for Red Ideas 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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Red Ideas Holdings Bhd ROCE % Chart

Red Ideas Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-72.29

-30.97

-43.03

-22.61

-22.42

Red Ideas Holdings Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial									-29.61	-15.40	-17.84	-26.90	-34.56

Red Ideas Holdings Bhd ROCE % Calculation

Red Ideas Holdings Bhd's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	-0.747	/	( ( (5.293 - 1.549)	+	(5.158 - 2.239) )	/ 2 )
	=	-0.747	/	( (3.744	+	2.919)	/ 2 )
	=	-0.747	/	3.3315
	=	-22.42 %

Red Ideas Holdings Bhd's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-0.93	/	( ( (5.158 - 2.239)	+	(4.633 - 2.17) )	/ 2 )
	=	-0.93	/	( ( 2.919	+	2.463 )	/ 2 )
	=	-0.93	/	2.691
	=	-34.56 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Red Ideas Holdings Bhd (XKLS:03002) 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.

Red Ideas Holdings Bhd ROCE % Related Terms

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Red Ideas Holdings Bhd (XKLS:03002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Red Ideas Holdings Bhd (XKLS:03002) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pusat Dagangan Phileo Damansara 1, Jalan 16/11, Unit 606, Block G, Seksyen 16, Petaling Jaya, SGR, MYS, 46350

Website

http://www.redideasholdings.com

Red Ideas Holdings Bhd develops and sells software products and solutions to residential or commercial communities. It delivers community services and solutions related to security, communication and convenience, by leveraging on mobile application platform. It offers JaGaApp Platform, with features like emergency assist, intercom Call, real-time notice board, visitor registration and many more.

Red Ideas Holdings Bhd (XKLS:03002) Headlines

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