Wasco Bhd (XKLS:5142) ROCE % : 33.53% (As of Dec. 2023)

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What is Wasco 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. Wasco Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.53%.

Wasco Bhd ROCE % Historical Data

The historical data trend for Wasco 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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Wasco Bhd ROCE % Chart

Wasco Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.48

-17.34

-6.14

11.73

25.76

Wasco 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															-12.61	25.25	20.56	24.11	33.53

Wasco Bhd ROCE % Calculation

Wasco 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 )
	=	276.993	/	( ( (2713.45 - 1700.038)	+	(2946.65 - 1809.335) )	/ 2 )
	=	276.993	/	( (1013.412	+	1137.315)	/ 2 )
	=	276.993	/	1075.3635
	=	25.76 %

Wasco 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 )
	=	373.112	/	( ( (2930.611 - 1842.405)	+	(2946.65 - 1809.335) )	/ 2 )
	=	373.112	/	( ( 1088.206	+	1137.315 )	/ 2 )
	=	373.112	/	1112.7605
	=	33.53 %

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

Wasco Bhd (XKLS:5142) 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.

Wasco Bhd ROCE % Related Terms

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Wasco Bhd (XKLS:5142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wasco Bhd (XKLS:5142) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

The Gardens North Tower, Suite 19.01, Level 19, Mid Valley City, Lingkaran Syed Putra, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.wahseong.com

Wasco Bhd, formerly Wah Seong Corp Bhd is engaged in the business of specialized pipe coating and corrosion protection services; Engineering, Procurement, and Construction (EPC) of gas compressors and process equipment; renewable energy and infrastructure materials and services. Its segments include the Energy solutions services division; the Renewable energy division; the Industrial trading & services division; and Others. It derives the majority of its revenue from the Energy solutions services division that provides pipe coating, pipe manufacturing for the oil and gas industry, building and operating offshore/onshore field development facilities, and the provision of specialized equipment and services to the power generation, oleochemical, and petrochemical industries.

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