Baba Eco Group Bhd (XKLS:03012) ROCE % : 6.74% (As of Oct. 2023)

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What is Baba Eco Group 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. Baba Eco Group Bhd's annualized ROCE % for the quarter that ended in Oct. 2023 was 6.74%.

Baba Eco Group Bhd ROCE % Historical Data

The historical data trend for Baba Eco Group 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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Baba Eco Group Bhd ROCE % Chart

Baba Eco Group Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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12.35

26.54

35.06

12.72

6.53

Baba Eco Group Bhd Semi-Annual Data
	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
ROCE %	Get a 7-Day Free Trial										28.49	13.97	11.80	6.24	6.74

Baba Eco Group Bhd ROCE % Calculation

Baba Eco Group Bhd's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	4.448	/	( ( (73.621 - 7.789)	+	(77.262 - 6.782) )	/ 2 )
	=	4.448	/	( (65.832	+	70.48)	/ 2 )
	=	4.448	/	68.156
	=	6.53 %

Baba Eco Group Bhd's ROCE % of for the quarter that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2023 )		(Q: Apr. 2023 )		(Q: Oct. 2023 )
	=	4.696	/	( ( (75.675 - 6.856)	+	(77.262 - 6.782) )	/ 2 )
	=	4.696	/	( ( 68.819	+	70.48 )	/ 2 )
	=	4.696	/	69.6495
	=	6.74 %

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

Baba Eco Group Bhd (XKLS:03012) 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.

Baba Eco Group Bhd ROCE % Related Terms

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Baba Eco Group Bhd (XKLS:03012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Baba Eco Group Bhd (XKLS:03012) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1384, Atas Lot 841, MK-1, Jalan Tasek, Seberang Perai Selatan, Pulau Pinang, Simpang Ampat, MYS, 14120

Website

https://www.baba.com.my

Baba Eco Group Bhd is an integrated gardening supplies provider under brand name Baba. The business activities of the group include manufacturing and trading of a diversified range of eco-friendly biodegradable plastic flower pots and planting media; the processing and trading of organic fertilizers and natural pesticides; and the trading of a diversified range of gardening accessories, seeds and agricultural produce. Geographically it serves both Malaysian and other international market.

Baba Eco Group Bhd (XKLS:03012) Headlines

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