Ecomate Holdings Bhd (XKLS:0239) ROCE % : 5.22% (As of Nov. 2023)

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What is Ecomate 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. Ecomate Holdings Bhd's annualized ROCE % for the quarter that ended in Nov. 2023 was 5.22%.

Ecomate Holdings Bhd ROCE % Historical Data

The historical data trend for Ecomate 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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Ecomate Holdings Bhd ROCE % Chart

Ecomate Holdings Bhd Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

ROCE %

68.02

68.35

56.33

28.27

18.09

Ecomate Holdings Bhd Quarterly Data
	Feb19	Feb20	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
ROCE %	Get a 7-Day Free Trial										16.32	19.06	13.23	5.09	5.22

Ecomate Holdings Bhd ROCE % Calculation

Ecomate Holdings Bhd's annualized ROCE % for the fiscal year that ended in Feb. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2023 )		(A: Feb. 2022 )		(A: Feb. 2023 )
	=	8.755	/	( ( (56.474 - 14.345)	+	(64.007 - 9.347) )	/ 2 )
	=	8.755	/	( (42.129	+	54.66)	/ 2 )
	=	8.755	/	48.3945
	=	18.09 %

Ecomate Holdings Bhd's ROCE % of for the quarter that ended in Nov. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Nov. 2023 )		(Q: Aug. 2023 )		(Q: Nov. 2023 )
	=	2.792	/	( ( (68.463 - 14.73)	+	(66.711 - 13.429) )	/ 2 )
	=	2.792	/	( ( 53.733	+	53.282 )	/ 2 )
	=	2.792	/	53.5075
	=	5.22 %

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

Ecomate Holdings Bhd (XKLS:0239) 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.

Ecomate Holdings Bhd ROCE % Related Terms

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Ecomate Holdings Bhd (XKLS:0239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ecomate Holdings Bhd (XKLS:0239) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kawasan Perindustrian Bakri Batu 7 ½, Lot PTD 7274, Jalan Bakri, Muar, JHR, MYS, 84200

Website

https://www.ecomate.com.my

Ecomate Holdings Bhd is an investment holding company. Through its subsidiary, the company is principally engaged in the production of ready-to-assemble furniture products, where it undertakes design and development, production as well as marketing and sales of living room furniture, bedroom furniture as well as other types of furniture.

Ecomate Holdings Bhd (XKLS:0239) Headlines

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