Press Metal Aluminium Holdings Bhd (XKLS:8869) ROCE % : 15.36% (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

What is Press Metal Aluminium Holdings 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. Press Metal Aluminium Holdings Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.36%.

Press Metal Aluminium Holdings Bhd ROCE % Historical Data

The historical data trend for Press Metal Aluminium Holdings 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.

* Premium members only.

Press Metal Aluminium Holdings Bhd ROCE % Chart

Press Metal Aluminium Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

11.27

9.22

16.61

19.83

15.04

Press Metal Aluminium Holdings 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															12.34	14.68	14.99	14.65	15.36

Press Metal Aluminium Holdings Bhd ROCE % Calculation

Press Metal Aluminium Holdings 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 )
	=	1863.533	/	( ( (15316.282 - 3144.067)	+	(15366.472 - 2757.611) )	/ 2 )
	=	1863.533	/	( (12172.215	+	12608.861)	/ 2 )
	=	1863.533	/	12390.538
	=	15.04 %

Press Metal Aluminium Holdings 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 )
	=	1955.708	/	( ( (15026.289 - 2164.219)	+	(15366.472 - 2757.611) )	/ 2 )
	=	1955.708	/	( ( 12862.07	+	12608.861 )	/ 2 )
	=	1955.708	/	12735.4655
	=	15.36 %

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

Press Metal Aluminium Holdings Bhd (XKLS:8869) 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.

Press Metal Aluminium Holdings Bhd ROCE % Related Terms

Thank you for viewing the detailed overview of Press Metal Aluminium Holdings Bhd's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Press Metal Aluminium Holdings Bhd (XKLS:8869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Press Metal Aluminium Holdings Bhd (XKLS:8869) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PSSMF:USA

Address

No. 2, Jalan Setia Prima S U13/S, Suite 61 & 62, Setia Avenue, Setia Alam Seksyen U13, Shah Alam, MYS, 40170

Website

https://www.pressmetal.com

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The Smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys for industrial customers. The Trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm's revenue. The majority of Press Metal's revenue comes from Asia and Europe.

Press Metal Aluminium Holdings Bhd (XKLS:8869) Headlines

No Headlines