Key Asic Bhd (XKLS:0143) ROCE % : -38.32% (As of Feb. 2024)

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What is Key Asic 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. Key Asic Bhd's annualized ROCE % for the quarter that ended in Feb. 2024 was -38.32%.

Key Asic Bhd ROCE % Historical Data

The historical data trend for Key Asic 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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Key Asic Bhd ROCE % Chart

Key Asic Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

May18

May19

May20

May21

May22

May23

ROCE %

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-4.37

-69.88

-27.37

-24.15

-15.53

Key Asic Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
ROCE %	Get a 7-Day Free Trial															0.05	6.72	-40.26	0.34	-38.32

Key Asic Bhd ROCE % Calculation

Key Asic Bhd's annualized ROCE % for the fiscal year that ended in May. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2023 )		(A: May. 2022 )		(A: May. 2023 )
	=	-5.32	/	( ( (39.761 - 4.87)	+	(41.35 - 7.724) )	/ 2 )
	=	-5.32	/	( (34.891	+	33.626)	/ 2 )
	=	-5.32	/	34.2585
	=	-15.53 %

Key Asic Bhd's ROCE % of for the quarter that ended in Feb. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2024 )		(Q: Nov. 2023 )		(Q: Feb. 2024 )
	=	-10.884	/	( ( (41.503 - 11.918)	+	(36.673 - 9.447) )	/ 2 )
	=	-10.884	/	( ( 29.585	+	27.226 )	/ 2 )
	=	-10.884	/	28.4055
	=	-38.32 %

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

Key Asic Bhd (XKLS:0143) 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.

Key Asic Bhd ROCE % Related Terms

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Key Asic Bhd (XKLS:0143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Key Asic Bhd (XKLS:0143) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, First Avenue, 6th Floor, Unit 3, Bandar Utama, Petaling Jaya, SGR, MYS, 47800

Website

http://www.keyasic.com

Key Asic Bhd engages in turnkey application-specific integrated circuit design services for consumer, wireless, and personal electronics applications. It also provides data processing, data management, disk-based backup solutions, telecommunications, office automation, network infrastructure, and intelligent storage networking support. It operates through the Non-Recurring Engineering Services and Recurring Engineering Services business segments.

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