Synergetic Auto Performance PCL (BKK:ASAP) ROCE % : -16.60% (As of Dec. 2023)

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What is Synergetic Auto Performance 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. Synergetic Auto Performance PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -16.60%.

Synergetic Auto Performance PCL ROCE % Historical Data

The historical data trend for Synergetic Auto Performance 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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Synergetic Auto Performance PCL ROCE % Chart

Synergetic Auto Performance PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.83

3.31

1.42

6.87

-1.25

Synergetic Auto Performance 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															5.47	6.72	5.83	-2.58	-16.60

Synergetic Auto Performance PCL ROCE % Calculation

Synergetic Auto Performance 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 )
	=	-59.721	/	( ( (7685.856 - 2488.734)	+	(6844.52 - 2520.481) )	/ 2 )
	=	-59.721	/	( (5197.122	+	4324.039)	/ 2 )
	=	-59.721	/	4760.5805
	=	-1.25 %

Synergetic Auto Performance 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 )
	=	-756.58	/	( ( (6474.538 - 1685.08)	+	(6844.52 - 2520.481) )	/ 2 )
	=	-756.58	/	( ( 4789.458	+	4324.039 )	/ 2 )
	=	-756.58	/	4556.7485
	=	-16.60 %

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

Synergetic Auto Performance PCL (BKK:ASAP) 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.

Synergetic Auto Performance PCL ROCE % Related Terms

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Synergetic Auto Performance PCL (BKK:ASAP) Business Description

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Address

149 Moo 3, Theparak Road, Theparak, A., Muang Samutprakarn, Samut Prakarn, THA, 10270

Website

https://www.asapcarrent.com

Synergetic Auto Performance PCL is a Thailand-based company engaged in the car rental business. The principal activity of the company is to provide cars for rent and selling of used cars, including related car maintenance services and renting property. The company operates in four principal segments: Car rental; Selling of used cars; and Renting property and other services, Non-life insurance broker. Its operations are mainly carried in Thailand. The company generates a vast majority of the revenues from the Car rental business.

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