Sarawak Oil Palms Bhd (XKLS:5126) ROCE % : 15.59% (As of Dec. 2023)

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What is Sarawak Oil Palms 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. Sarawak Oil Palms Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.59%.

Sarawak Oil Palms Bhd ROCE % Historical Data

The historical data trend for Sarawak Oil Palms 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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Sarawak Oil Palms Bhd ROCE % Chart

Sarawak Oil Palms Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.40

9.72

20.04

17.13

10.57

Sarawak Oil Palms 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															7.81	7.04	6.97	13.00	15.59

Sarawak Oil Palms Bhd ROCE % Calculation

Sarawak Oil Palms 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 )
	=	454.209	/	( ( (4893.976 - 597.156)	+	(5213.241 - 916.083) )	/ 2 )
	=	454.209	/	( (4296.82	+	4297.158)	/ 2 )
	=	454.209	/	4296.989
	=	10.57 %

Sarawak Oil Palms 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 )
	=	660.948	/	( ( (5125.553 - 941.635)	+	(5213.241 - 916.083) )	/ 2 )
	=	660.948	/	( ( 4183.918	+	4297.158 )	/ 2 )
	=	660.948	/	4240.538
	=	15.59 %

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

Sarawak Oil Palms Bhd (XKLS:5126) 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.

Sarawak Oil Palms Bhd ROCE % Related Terms

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Sarawak Oil Palms Bhd (XKLS:5126) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sarawak Oil Palms Bhd (XKLS:5126) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 124-126, Jalan Bendahara, P.O. Box 547, Miri, SWK, MYS, 98000

Website

https://www.sop.com.my

Sarawak Oil Palms Bhd is a Malaysia-based company engaged in the principal activities of investment holding, cultivation of oil palms, and operations of palm oil mills. The primary businesses of the company are oil palm plantation, milling, refining of oil palm products, and trading of oil palm products. The operating segments of the group are Oil Palms and Property development. Its Oil Palms segment contributes majorly to the group's revenue. The company's geographical segments include Malaysia, Asia-Pacific, and Others.

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