President Automobile Industries PCL (BKK:PACO) ROCE % : 21.63% (As of Mar. 2024)

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What is President Automobile Industries 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. President Automobile Industries PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.63%.

President Automobile Industries PCL ROCE % Historical Data

The historical data trend for President Automobile Industries 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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President Automobile Industries PCL ROCE % Chart

President Automobile Industries PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.92

17.23

8.66

9.39

President Automobile Industries PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													3.21	12.18	15.40	6.94	21.63

President Automobile Industries PCL ROCE % Calculation

President Automobile Industries 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 )
	=	103.972	/	( ( (1414.581 - 307.149)	+	(1361.55 - 255.015) )	/ 2 )
	=	103.972	/	( (1107.432	+	1106.535)	/ 2 )
	=	103.972	/	1106.9835
	=	9.39 %

President Automobile Industries PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	242.368	/	( ( (1361.55 - 255.015)	+	(1393.987 - 259.751) )	/ 2 )
	=	242.368	/	( ( 1106.535	+	1134.236 )	/ 2 )
	=	242.368	/	1120.3855
	=	21.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

President Automobile Industries PCL (BKK:PACO) 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.

President Automobile Industries PCL ROCE % Related Terms

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President Automobile Industries PCL (BKK:PACO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » President Automobile Industries PCL (BKK:PACO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Satethakit 1 Road, 88/8, Moo 9, Soi Wor-Por-Or 11 (Piset), Suanluang, Kratumban, Samutsakorn, THA, 74110

Website

https://www.paco.co.th

President Automobile Industries PCL is engaged in two reportable segments the manufacture and distribution of automotive air conditioning components and the trading segment. The products offered by the company are condensers, evaporators, compressors, oil coolers, Air conditioning electrical parts, refrigerants, intercoolers and other accessories. The company has a business presence in Thailand, the Middle East, South East Asia, South Asia, North America, South America, Europe, East Asia and other regions.

President Automobile Industries PCL (BKK:PACO) Headlines

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