Zecon Bhd (XKLS:7028) ROCE % : 12.71% (As of Mar. 2024)

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What is Zecon 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. Zecon Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.71%.

Zecon Bhd ROCE % Historical Data

The historical data trend for Zecon 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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Zecon Bhd ROCE % Chart

Zecon Bhd Annual Data

Trend

Dec11

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec22

Dec23

ROCE %

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20.51

6.23

23.52

13.99

12.51

Zecon Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															15.19	14.78	7.48	12.50	12.71

Zecon Bhd ROCE % Calculation

Zecon 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 )
	=	65.967	/	( ( (1584.761 - 1055.972)	+	(1559.59 - 1033.678) )	/ 2 )
	=	65.967	/	( (528.789	+	525.912)	/ 2 )
	=	65.967	/	527.3505
	=	12.51 %

Zecon 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 )
	=	66.984	/	( ( (1559.59 - 1033.678)	+	(1538.985 - 1011.03) )	/ 2 )
	=	66.984	/	( ( 525.912	+	527.955 )	/ 2 )
	=	66.984	/	526.9335
	=	12.71 %

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

Zecon Bhd (XKLS:7028) 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.

Zecon Bhd ROCE % Related Terms

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Zecon Bhd (XKLS:7028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zecon Bhd (XKLS:7028) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Satok, Menara Zecon, Number 92, Lot 393, 8th Floor, Section 5 KTLD, Kuching, SWK, MYS, 93400

Website

https://www.zecon.com.my

Zecon Bhd provides civil engineering and building construction services. The company operates through the following business segments: Construction, Property Development, Service Concession, Property holding and Others. Its Construction segment engages in piling works, foundation engineering, and building construction. The Property Development segment engages in property holding and development. Service Concession segment engages in the construction, operation, and maintenance of the hospital. Its Other segment engages in management services. The firm derives the majority of its revenue from Service concession segment.

Zecon Bhd (XKLS:7028) Headlines

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