MMAG Holdings Bhd (XKLS:0034) ROCE % : 5.57% (As of Dec. 2023)

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What is MMAG 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. MMAG Holdings Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.57%.

MMAG Holdings Bhd ROCE % Historical Data

The historical data trend for MMAG 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.

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MMAG Holdings Bhd ROCE % Chart

MMAG Holdings Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-16.60

-19.91

-10.74

-5.97

-13.55

MMAG 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															-7.88	-41.79	2.65	4.58	5.57

MMAG Holdings Bhd ROCE % Calculation

MMAG Holdings Bhd's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-72.505	/	( ( (803.242 - 169.594)	+	(598.493 - 162.192) )	/ 2 )
	=	-72.505	/	( (633.648	+	436.301)	/ 2 )
	=	-72.505	/	534.9745
	=	-13.55 %

MMAG 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 )
	=	24.016	/	( ( (578.693 - 144.233)	+	(571.932 - 144.49) )	/ 2 )
	=	24.016	/	( ( 434.46	+	427.442 )	/ 2 )
	=	24.016	/	430.951
	=	5.57 %

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

MMAG Holdings Bhd (XKLS:0034) 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.

MMAG Holdings Bhd ROCE % Related Terms

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MMAG Holdings Bhd (XKLS:0034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MMAG Holdings Bhd (XKLS:0034) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 3, Jalan TP2, Taman Perindustrian UEP, Subang Jaya, SGR, MYS, 47600

Website

https://www.mmag.com.my

MMAG Holdings Bhd is a Malaysia-based company engaged in investment holding. The company's operating segment includes Mobile and fulfillment; Courier and Logistic Services, Air freight and Others. It generates maximum revenue from the Mobile and fulfilments segment. The mobile and fulfilments segment includes distribution of smart devices, mobile operator's strategic 3PL and 4PL partners, fulfillment system and fulfilments marketplace providers and mobile retail stores. The Logistic services segment provides courier and delivery services. Air freight segment includes Provision of air cargo services. Geographically, it derives a majority of revenue from Malaysia and also has a presence in Singapore.

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