Hengyuan Refining Co Bhd (XKLS:4324) ROCE % : -43.19% (As of Dec. 2023)

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What is Hengyuan Refining Co 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. Hengyuan Refining Co Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was -43.19%.

Hengyuan Refining Co Bhd ROCE % Historical Data

The historical data trend for Hengyuan Refining Co 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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Hengyuan Refining Co Bhd ROCE % Chart

Hengyuan Refining Co Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.22

9.85

5.20

-14.48

-19.30

Hengyuan Refining Co 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															-97.11	-27.89	-12.04	8.49	-43.19

Hengyuan Refining Co Bhd ROCE % Calculation

Hengyuan Refining Co 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 )
	=	-386.085	/	( ( (6622.024 - 4527.831)	+	(5637.858 - 3730.618) )	/ 2 )
	=	-386.085	/	( (2094.193	+	1907.24)	/ 2 )
	=	-386.085	/	2000.7165
	=	-19.30 %

Hengyuan Refining Co 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 )
	=	-834.288	/	( ( (6536.613 - 4580.226)	+	(5637.858 - 3730.618) )	/ 2 )
	=	-834.288	/	( ( 1956.387	+	1907.24 )	/ 2 )
	=	-834.288	/	1931.8135
	=	-43.19 %

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

Hengyuan Refining Co Bhd (XKLS:4324) 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.

Hengyuan Refining Co Bhd ROCE % Related Terms

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Hengyuan Refining Co Bhd (XKLS:4324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hengyuan Refining Co Bhd (XKLS:4324) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Batu 1, Jalan Pantai, Port Dickson, NSN, MYS, 71000

Website

http://www.hrc.com.my

Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, two reformers, and a gasoil treatment plant. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene. Majority of its revenue is derived from the sale of refined petroleum products.

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