Harrisons Holdings (Malaysia) Bhd (XKLS:5008) ROCE % : 16.71% (As of Mar. 2024)

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What is Harrisons Holdings (Malaysia) 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. Harrisons Holdings (Malaysia) Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.71%.

Harrisons Holdings (Malaysia) Bhd ROCE % Historical Data

The historical data trend for Harrisons Holdings (Malaysia) 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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Harrisons Holdings (Malaysia) Bhd ROCE % Chart

Harrisons Holdings (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.68

13.32

15.48

21.16

19.57

Harrisons Holdings (Malaysia) 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															19.17	21.50	17.19	18.04	16.71

Harrisons Holdings (Malaysia) Bhd ROCE % Calculation

Harrisons Holdings (Malaysia) 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 )
	=	96.903	/	( ( (919.006 - 440.061)	+	(944.544 - 433.225) )	/ 2 )
	=	96.903	/	( (478.945	+	511.319)	/ 2 )
	=	96.903	/	495.132
	=	19.57 %

Harrisons Holdings (Malaysia) 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 )
	=	86.512	/	( ( (944.544 - 433.225)	+	(948.596 - 424.193) )	/ 2 )
	=	86.512	/	( ( 511.319	+	524.403 )	/ 2 )
	=	86.512	/	517.861
	=	16.71 %

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

Harrisons Holdings (Malaysia) Bhd (XKLS:5008) 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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Harrisons Holdings (Malaysia) Bhd (XKLS:5008) Business Description

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Traded in Other Exchanges

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Address

10, Jalan Raja Laut, Unit 9A, 9th Floor, Wisma Bumi Raya, Wisma Bumi Raya, Kuala Lumpur, MYS, 50350

Website

https://www.harrisons.com.my

Harrisons Holdings (Malaysia) Bhd is a sale, marketing, warehousing, distribution, and services organization in Malaysia. It has three reporting business segments: Trading and distribution; Retail; and Shipping and others. The Trading and distribution segment operations generate majority revenue for the company which comprises trading and distribution of consumer products, building materials, industrial and agricultural chemical products, and liquor products. It has a business presence in Sabah, Sarawak, Peninsular Malaysia and Singapore.

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