P.A. Resources Bhd (XKLS:7225) ROCE % : 24.25% (As of Mar. 2024)

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What is P.A. Resources 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. P.A. Resources Bhd's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.25%.

P.A. Resources Bhd ROCE % Historical Data

The historical data trend for P.A. Resources 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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P.A. Resources Bhd ROCE % Chart

P.A. Resources Bhd Annual Data

Trend

Mar13

Mar14

Mar15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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6.25

9.15

16.67

19.30

17.63

P.A. Resources Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.57	19.47	16.95	22.18	24.25

P.A. Resources Bhd ROCE % Calculation

P.A. Resources Bhd's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	44.796	/	( ( (267.211 - 42.358)	+	(298.747 - 15.556) )	/ 2 )
	=	44.796	/	( (224.853	+	283.191)	/ 2 )
	=	44.796	/	254.022
	=	17.63 %

P.A. Resources Bhd's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	72.416	/	( ( (319.404 - 31.279)	+	(330.3 - 21.243) )	/ 2 )
	=	72.416	/	( ( 288.125	+	309.057 )	/ 2 )
	=	72.416	/	298.591
	=	24.25 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

P.A. Resources Bhd (XKLS:7225) 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.

P.A. Resources Bhd ROCE % Related Terms

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P.A. Resources Bhd (XKLS:7225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » P.A. Resources Bhd (XKLS:7225) » Definitions » ROCE %

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Address

Jalan Kuala Selangor, Lot 424 and 440, Kampung Batu 8, Ijok, Kuala Selangor, SGR, MYS, 45620

Website

http://www.pagroup.com.my

P.A. Resources Bhd is an aluminium extruder company that produces semi-finished aluminium products which are into aluminium smelting, producing aluminium billets. The company's operating segment includes aluminium extrusion and fabrication; aluminium billet casting and tolling; Money lending and others. It generates maximum revenue from the aluminium extrusion and fabrication segment. The company's product is used in the electrical and electronics, furniture, and consumer durables industries. Geographically, it derives a majority of its revenue from the United States of America.

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