Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) ROCE % : 1.93% (As of Dec. 2023)

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What is Thoresen Thai Agencies PCL 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. Thoresen Thai Agencies PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.93%.

Thoresen Thai Agencies PCL ROCE % Historical Data

The historical data trend for Thoresen Thai Agencies PCL'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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Thoresen Thai Agencies PCL ROCE % Chart

Thoresen Thai Agencies PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.83

-10.60

13.90

11.39

5.90

Thoresen Thai Agencies PCL 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															-0.85	3.01	9.72	7.67	1.93

Thoresen Thai Agencies PCL ROCE % Calculation

Thoresen Thai Agencies PCL'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 )
	=	58.574	/	( ( (1196.288 - 243.13)	+	(1228.467 - 196.948) )	/ 2 )
	=	58.574	/	( (953.158	+	1031.519)	/ 2 )
	=	58.574	/	992.3385
	=	5.90 %

Thoresen Thai Agencies PCL'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 )
	=	20.048	/	( ( (1238.943 - 190.576)	+	(1228.467 - 196.948) )	/ 2 )
	=	20.048	/	( ( 1048.367	+	1031.519 )	/ 2 )
	=	20.048	/	1039.943
	=	1.93 %

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

Thoresen Thai Agencies PCL (OTCPK:THAFF) 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.

Thoresen Thai Agencies PCL ROCE % Related Terms

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Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TTA:Thailand NYVU:Germany

Address

Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Soi Chidlom, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.thoresen.com

Thoresen Thai Agencies PCL is an investment holding company. The company operates in five main segments: shipping, offshore service, agrochemical, food and beverage, and investment. Its activities include ownership of dry bulk vessels, certain shipping services, offshore services related to oil and gas, production and sales of fertilizers, coal trading, warehouse, and logistics services, and food and beverage. The maximum revenue is derived from Shipping Segment.

Thoresen Thai Agencies PCL (Thoresen Thai Agencies PCL) Headlines

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