Pato Chemical Industry PCL (BKK:PATO) ROCE % : 20.36% (As of Dec. 2023)

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What is Pato Chemical 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. Pato Chemical Industry PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.36%.

Pato Chemical Industry PCL ROCE % Historical Data

The historical data trend for Pato Chemical 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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Pato Chemical Industry PCL ROCE % Chart

Pato Chemical Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.92

18.69

25.66

10.04

17.14

Pato Chemical 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															12.36	8.17	16.25	26.17	20.36

Pato Chemical Industry PCL ROCE % Calculation

Pato Chemical 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 )
	=	89.55	/	( ( (579.796 - 56.64)	+	(568.302 - 46.693) )	/ 2 )
	=	89.55	/	( (523.156	+	521.609)	/ 2 )
	=	89.55	/	522.3825
	=	17.14 %

Pato Chemical 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 )
	=	104.416	/	( ( (611.967 - 107.847)	+	(568.302 - 46.693) )	/ 2 )
	=	104.416	/	( ( 504.12	+	521.609 )	/ 2 )
	=	104.416	/	512.8645
	=	20.36 %

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

Pato Chemical Industry PCL (BKK:PATO) 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.

Pato Chemical Industry PCL ROCE % Related Terms

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Pato Chemical Industry PCL (BKK:PATO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Pato Chemical Industry PCL (BKK:PATO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3388 New Petchburi Road, Bangkapi, Huai Khwang, Bangkok, THA, 10310

Website

https://www.patochemical.com

Pato Chemical Industry PCL is engaged in a business of formulating and distributing of pesticide. Its main products are Herbicide, Insecticide, Acaricide, and Fungicide produced by a firm in liquid, powder, and granule form used in plantation and agriculture industries. The majority of its revenue is earned from the sales of pesticides in the Thailand market.

Pato Chemical Industry PCL (BKK:PATO) Headlines

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