Ichitan Group PCL (BKK:ICHI) ROCE % : 23.95% (As of Dec. 2023)

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What is Ichitan Group 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. Ichitan Group PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.95%.

Ichitan Group PCL ROCE % Historical Data

The historical data trend for Ichitan Group 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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Ichitan Group PCL ROCE % Chart

Ichitan Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.11

8.91

10.02

13.08

22.54

Ichitan Group 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															15.35	17.46	20.53	26.69	23.95

Ichitan Group PCL ROCE % Calculation

Ichitan Group 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 )
	=	1376.864	/	( ( (7385.713 - 1110.438)	+	(7205.186 - 1261.848) )	/ 2 )
	=	1376.864	/	( (6275.275	+	5943.338)	/ 2 )
	=	1376.864	/	6109.3065
	=	22.54 %

Ichitan Group 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 )
	=	1467.436	/	( ( (7592.073 - 1279.362)	+	(7205.186 - 1261.848) )	/ 2 )
	=	1467.436	/	( ( 6312.711	+	5943.338 )	/ 2 )
	=	1467.436	/	6128.0245
	=	23.95 %

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

Ichitan Group PCL (BKK:ICHI) 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.

Ichitan Group PCL ROCE % Related Terms

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Ichitan Group PCL (BKK:ICHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Ichitan Group PCL (BKK:ICHI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Soi Sukhumvit 40, No. 8 T-One Building, 42nd - 44th Floor, Phra Khanong Sub-District, Khlong Toei District, Bangkok, THA, 10110

Website

http://www.ichitangroup.com

Ichitan Group PCL manufactures and sells ready-to-drink tea beverages in Thailand. Some of its brands include Ichitan, Yen Yen, and others. It also has the rights to Bireley's fruit beverage brand in several Asian and North American countries. The group operates in a single line of business, namely the Beverage business. Ichitan derives most of its revenue from Thailand.

Ichitan Group PCL (BKK:ICHI) Headlines

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