Comfort Gloves Bhd (XKLS:2127) ROCE % : -3.88% (As of Dec. 2023)

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What is Comfort Gloves 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. Comfort Gloves Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.88%.

Comfort Gloves Bhd ROCE % Historical Data

The historical data trend for Comfort Gloves 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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Comfort Gloves Bhd ROCE % Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

ROCE %

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12.92

13.35

74.00

-7.60

-5.12

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-20.59	-14.51	-0.74	-1.60	-3.88

Comfort Gloves Bhd ROCE % Calculation

Comfort Gloves 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 )
	=	-45.832	/	( ( (990.585 - 84.609)	+	(964.071 - 80.458) )	/ 2 )
	=	-45.832	/	( (905.976	+	883.613)	/ 2 )
	=	-45.832	/	894.7945
	=	-5.12 %

Comfort Gloves 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 )
	=	-33.892	/	( ( (942.007 - 77.767)	+	(964.071 - 80.458) )	/ 2 )
	=	-33.892	/	( ( 864.24	+	883.613 )	/ 2 )
	=	-33.892	/	873.9265
	=	-3.88 %

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

Comfort Gloves Bhd (XKLS:2127) 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.

Comfort Gloves Bhd ROCE % Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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