Fortune Parts Industry PCL (BKK:FPI) ROCE % : 22.59% (As of Dec. 2023)

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What is Fortune Parts Industry 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. Fortune Parts Industry PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.59%.

Fortune Parts Industry PCL ROCE % Historical Data

The historical data trend for Fortune Parts Industry 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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Fortune Parts Industry PCL ROCE % Chart

Fortune Parts Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.62

3.24

21.69

25.51

21.70

Fortune Parts Industry 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															20.44	14.50	24.06	26.19	22.59

Fortune Parts Industry PCL ROCE % Calculation

Fortune Parts Industry 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 )
	=	503.356	/	( ( (3719.2 - 1509.895)	+	(3547.897 - 1118.177) )	/ 2 )
	=	503.356	/	( (2209.305	+	2429.72)	/ 2 )
	=	503.356	/	2319.5125
	=	21.70 %

Fortune Parts Industry 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 )
	=	536.452	/	( ( (3884.354 - 1563.714)	+	(3547.897 - 1118.177) )	/ 2 )
	=	536.452	/	( ( 2320.64	+	2429.72 )	/ 2 )
	=	536.452	/	2375.18
	=	22.59 %

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

Fortune Parts Industry PCL (BKK:FPI) 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.

Fortune Parts Industry PCL ROCE % Related Terms

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Fortune Parts Industry PCL (BKK:FPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fortune Parts Industry PCL (BKK:FPI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nimitmai Road, 11/22 Moo 20, Lamlukka, Pathumthani, THA, 12150

Website

https://www.fpiautoparts.com

Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.