Icon Offshore Bhd (XKLS:5255) ROCE % : 5.58% (As of Dec. 2023)

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What is Icon Offshore 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. Icon Offshore Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.58%.

Icon Offshore Bhd ROCE % Historical Data

The historical data trend for Icon Offshore 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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Icon Offshore Bhd ROCE % Chart

Icon Offshore Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.63

16.35

11.48

2.01

6.16

Icon Offshore 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															-24.83	0.93	6.98	7.67	5.58

Icon Offshore Bhd ROCE % Calculation

Icon Offshore 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 )
	=	33.486	/	( ( (753.418 - 67.542)	+	(726.727 - 325.863) )	/ 2 )
	=	33.486	/	( (685.876	+	400.864)	/ 2 )
	=	33.486	/	543.37
	=	6.16 %

Icon Offshore 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 )
	=	29.756	/	( ( (749.511 - 82.941)	+	(726.727 - 325.863) )	/ 2 )
	=	29.756	/	( ( 666.57	+	400.864 )	/ 2 )
	=	29.756	/	533.717
	=	5.58 %

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

Icon Offshore Bhd (XKLS:5255) 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.

Icon Offshore Bhd ROCE % Related Terms

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Icon Offshore Bhd (XKLS:5255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Icon Offshore Bhd (XKLS:5255) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

207, Jalan Tun Razak, 16-01, Level 16, Menara Tan & Tan, Wilayah Persekutuan, Kuala Lumpur, MYS, 50450

Website

https://www.iconoffshore.com.my

Icon Offshore Bhd is an offshore support vessel (OSV) provider in Malaysia. Its business involves vessel owning/leasing activities and the provision of vessel chartering and ship management services to the oil and gas-related industries. The company offers a wide range of logistical support services throughout the entire offshore oil and gas life cycle, from exploration and appraisal, field development, operation, and maintenance, through to decommissioning.

Icon Offshore Bhd (XKLS:5255) Headlines

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