NFC PCL (BKK:NFC) ROCE % : 14.18% (As of Dec. 2023)

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What is NFC 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. NFC PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.18%.

NFC PCL ROCE % Historical Data

The historical data trend for NFC 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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NFC PCL ROCE % Chart

NFC PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.73

0.19

16.31

4.10

6.26

NFC 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															5.34	3.19	3.05	4.92	14.18

NFC PCL ROCE % Calculation

NFC 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 )
	=	420.526	/	( ( (7673.53 - 1011.807)	+	(7754.526 - 982.843) )	/ 2 )
	=	420.526	/	( (6661.723	+	6771.683)	/ 2 )
	=	420.526	/	6716.703
	=	6.26 %

NFC 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 )
	=	942.38	/	( ( (7627.461 - 1111.191)	+	(7754.526 - 982.843) )	/ 2 )
	=	942.38	/	( ( 6516.27	+	6771.683 )	/ 2 )
	=	942.38	/	6643.9765
	=	14.18 %

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

NFC PCL (BKK:NFC) 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.

NFC PCL ROCE % Related Terms

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NFC PCL (BKK:NFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » NFC PCL (BKK:NFC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Park Land Road, 88 SC Group Building, 3rd Floor, Bangna Nuea Sub -District, Bangna District, Bangkok, THA, 10260

Website

http://www.nfc.co.th

NFC PCL is a Thailand-based company. Its core business activity is the sale of chemical products and other chemical-related services. The company also provides pier and warehouse services. It engages in the distribution of ammonia used in industries such as dyeing, medicine, polyester, plastic, fertilizer, cooler, oil refinery, rubber, monosodium glutamate, refrigerant; and Sulfuric Acid used in industries such as mining, petrochemical, dyeing, improving, and treating wastewater process. It operates in three reportable segments: Chemical, Service Chemical Storage Tank, and Port Service and Other.

NFC PCL (BKK:NFC) Headlines

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