Chin Hin Group Property Bhd (XKLS:7187) ROCE % : 15.42% (As of Dec. 2023)

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What is Chin Hin Group Property 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. Chin Hin Group Property Bhd's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.42%.

Chin Hin Group Property Bhd ROCE % Historical Data

The historical data trend for Chin Hin Group Property 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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Chin Hin Group Property Bhd ROCE % Chart

Chin Hin Group Property Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Dec22

Dec23

ROCE %

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6.20

8.24

14.41

6.80

10.98

Chin Hin Group Property 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															7.96	15.67	8.28	4.47	15.42

Chin Hin Group Property Bhd ROCE % Calculation

Chin Hin Group Property 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 )
	=	59.745	/	( ( (776.596 - 330.48)	+	(1238.923 - 596.751) )	/ 2 )
	=	59.745	/	( (446.116	+	642.172)	/ 2 )
	=	59.745	/	544.144
	=	10.98 %

Chin Hin Group Property 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 )
	=	93.04	/	( ( (1041.386 - 477.033)	+	(1238.923 - 596.751) )	/ 2 )
	=	93.04	/	( ( 564.353	+	642.172 )	/ 2 )
	=	93.04	/	603.2625
	=	15.42 %

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

Chin Hin Group Property Bhd (XKLS:7187) 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.

Chin Hin Group Property Bhd ROCE % Related Terms

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Chin Hin Group Property Bhd (XKLS:7187) Business Description

Industry

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Traded in Other Exchanges

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Address

1177 Jalan Dato Keramat, Nibong Tebal, Seberang Perai Selatan, PNG, MYS, 14300

Website

https://www.chinhinproperty.com

Chin Hin Group Property Bhd is an investment holding company. It has a diversified portfolio in Property development with five operating segments: Manufacturing and trading, Rental and fleet management services, Property Development, Construction, and Others. The majority of its revenue derives from the Construction segment which is mainly involved in general building contracting, civil works, and structural construction. Geographically it derives all its revenue from Malaysia.

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