Dominant Enterprise Bhd (XKLS:7169) ROCE % : 8.55% (As of Dec. 2023)

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What is Dominant Enterprise 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. Dominant Enterprise Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.55%.

Dominant Enterprise Bhd ROCE % Historical Data

The historical data trend for Dominant Enterprise 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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Dominant Enterprise Bhd ROCE % Chart

Dominant Enterprise Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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16.31

9.45

7.77

14.59

5.66

Dominant Enterprise Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															5.07	7.11	6.89	5.59	8.55

Dominant Enterprise Bhd ROCE % Calculation

Dominant Enterprise Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	21.744	/	( ( (634.808 - 261.224)	+	(644.456 - 249.21) )	/ 2 )
	=	21.744	/	( (373.584	+	395.246)	/ 2 )
	=	21.744	/	384.415
	=	5.66 %

Dominant Enterprise Bhd's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	33.808	/	( ( (659.493 - 264.515)	+	(665.906 - 269.952) )	/ 2 )
	=	33.808	/	( ( 394.978	+	395.954 )	/ 2 )
	=	33.808	/	395.466
	=	8.55 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Dominant Enterprise Bhd (XKLS:7169) 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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Dominant Enterprise Bhd (XKLS:7169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dominant Enterprise Bhd (XKLS:7169) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 2, Jalan Gemilang 1, Taman Perindustrian Maju Jaya, Johor Bahru, JHR, MYS, 81300

Website

https://www.dominant.com.my

Dominant Enterprise Bhd is a Malaysia-based company engaged in the business of manufacturing and distribution of engineered wood moldings, investment holding, providing management services, laminated wood panels, and other wood accessories. The company is organized into two business segments: The manufacturing segment comprises of production of laminated wood panel products and primed density fiberboard moldings, wrapped moldings, and furniture components; and the Distribution segment comprises of distribution of wood products and building materials which also contributes as a main part of revenue. It operates mainly in the Malaysian market, while it also has a presence in Australia, Asia, and other countries.

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