Harvest Miracle Capital Bhd (XKLS:0060) ROCE % : 27.95% (As of Dec. 2023)

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What is Harvest Miracle Capital 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. Harvest Miracle Capital Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 27.95%.

Harvest Miracle Capital Bhd ROCE % Historical Data

The historical data trend for Harvest Miracle Capital 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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Harvest Miracle Capital Bhd ROCE % Chart

Harvest Miracle Capital Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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1.68

-3.87

-1.43

4.81

-1.28

Harvest Miracle Capital 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															8.16	-10.98	-21.03	0.64	27.95

Harvest Miracle Capital Bhd ROCE % Calculation

Harvest Miracle Capital 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 )
	=	-3.717	/	( ( (372.133 - 88.589)	+	(412.025 - 113.716) )	/ 2 )
	=	-3.717	/	( (283.544	+	298.309)	/ 2 )
	=	-3.717	/	290.9265
	=	-1.28 %

Harvest Miracle Capital 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 )
	=	85.692	/	( ( (303.81 - 13.071)	+	(338.053 - 15.561) )	/ 2 )
	=	85.692	/	( ( 290.739	+	322.492 )	/ 2 )
	=	85.692	/	306.6155
	=	27.95 %

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

Harvest Miracle Capital Bhd (XKLS:0060) 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.

Harvest Miracle Capital Bhd ROCE % Related Terms

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Harvest Miracle Capital Bhd (XKLS:0060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Harvest Miracle Capital Bhd (XKLS:0060) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0060PA.PFD:Malaysia

Address

No 685, Jalan Damansara, TTDI, 9-3A, Oval Tower, Damansara, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.hmcap.my

Harvest Miracle Capital Bhd is an investment holding company. It operates in seven segments that are IT and ICT, Property Construction, Investment Properties, Property development, Plantation, Money lending business, and Investment holding. It generates the vast majority of its revenue from the IT and ICT segment that is engaged in trading in IT and ICT-related products and software development and support services and others. Its product categories include the Vacuum valve and Rupture Disk. Geographically, it operates only in Malaysia.

Harvest Miracle Capital Bhd (XKLS:0060) Headlines

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