Bangkok Airways PCL (BKK:BA) ROCE % : -0.93% (As of Dec. 2023)

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What is Bangkok Airways 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. Bangkok Airways PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.93%.

Bangkok Airways PCL ROCE % Historical Data

The historical data trend for Bangkok Airways 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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Bangkok Airways PCL ROCE % Chart

Bangkok Airways PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.32

-9.03

-23.14

-1.86

7.93

Bangkok Airways 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															5.18	11.27	7.33	10.69	-0.93

Bangkok Airways PCL ROCE % Calculation

Bangkok Airways 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 )
	=	3645.933	/	( ( (62245.549 - 17226.518)	+	(57881.28 - 10966.658) )	/ 2 )
	=	3645.933	/	( (45019.031	+	46914.622)	/ 2 )
	=	3645.933	/	45966.8265
	=	7.93 %

Bangkok Airways 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 )
	=	-452.636	/	( ( (58162.102 - 8102.961)	+	(57881.28 - 10966.658) )	/ 2 )
	=	-452.636	/	( ( 50059.141	+	46914.622 )	/ 2 )
	=	-452.636	/	48486.8815
	=	-0.93 %

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

Bangkok Airways PCL (BKK:BA) 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.

Bangkok Airways PCL ROCE % Related Terms

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Bangkok Airways PCL (BKK:BA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bangkok Airways PCL (BKK:BA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

8BA:Germany

Address

99 Moo 14, Vibhavadirangsit Road, Chom Phon, Chatuchak, Bangkok, THA, 10900

Website

https://www.bangkokair.com

Bangkok Airways PCL provides airline, airport, and airport-related services including ground and passenger, in-flight catering, and cargo terminal services to its own flights and those of other airlines. It operates in three segments. The airline segment sells tickets and provides services to passengers. The airport segment provides location services for passengers and airlines. The supporting airline business segment, provides ground handling, cargo, and catering services for airlines and customers. The majority of revenue is from the Airline segment. It mainly operates in Thailand.