One Glove Group Bhd (XKLS:5079) ROCE % : -5.76% (As of Dec. 2023)

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What is One Glove 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. One Glove Group Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.76%.

One Glove Group Bhd ROCE % Historical Data

The historical data trend for One Glove 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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One Glove Group Bhd ROCE % Chart

One Glove Group Bhd Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

ROCE %

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5.86

-0.82

-20.52

-2.37

-16.18

One Glove Group Bhd Quarterly Data
	Sep17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-9.03	-11.87	-6.91	-5.87	-5.76

One Glove Group Bhd ROCE % Calculation

One Glove Group Bhd's annualized ROCE % for the fiscal year that ended in Jun. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2019 )		(A: Dec. 2016 )		(A: Jun. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2019 )		(A: Dec. 2016 )		(A: Jun. 2019 )
	=	-9.208	/	( ( (93.537 - 23.617)	+	(91.116 - 47.208) )	/ 2 )
	=	-9.208	/	( (69.92	+	43.908)	/ 2 )
	=	-9.208	/	56.914
	=	-16.18 %

One Glove Group 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 )
	=	-32.58	/	( ( (613.326 - 47.875)	+	(592.529 - 26.945) )	/ 2 )
	=	-32.58	/	( ( 565.451	+	565.584 )	/ 2 )
	=	-32.58	/	565.5175
	=	-5.76 %

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

One Glove Group Bhd (XKLS:5079) 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.

One Glove Group Bhd ROCE % Related Terms

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One Glove Group Bhd (XKLS:5079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » One Glove Group Bhd (XKLS:5079) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Perindustrian Kamunting 3, Lot 73-86, Jalan Logam 5, Kamunting Raya Indutrial Estate, Kamunting, PRK, MYS, 34600

Website

https://www.oneglovegroup.com

One Glove Group Bhd is a glove innovator and manufacturer. The company's segment includes Manufacturing, Investment holding, and Others. Its geographical market includes Japan, Germany, Malaysia, Singapore, the United States of America, India, and Others of which it generates the majority of its revenue from Singapore.

One Glove Group Bhd (XKLS:5079) Headlines

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