Panjawattana Plastic PCL (BKK:PJW) ROCE % : 14.42% (As of Mar. 2024)

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What is Panjawattana Plastic 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. Panjawattana Plastic PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.42%.

Panjawattana Plastic PCL ROCE % Historical Data

The historical data trend for Panjawattana Plastic 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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Panjawattana Plastic PCL ROCE % Chart

Panjawattana Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.07

10.44

14.75

9.40

14.07

Panjawattana Plastic PCL Quarterly Data
	Jun19	Sep19	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															16.30	15.90	14.54	9.92	14.42

Panjawattana Plastic PCL ROCE % Calculation

Panjawattana Plastic 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 )
	=	255.149	/	( ( (3131.441 - 1421.272)	+	(3391.826 - 1474.826) )	/ 2 )
	=	255.149	/	( (1710.169	+	1917)	/ 2 )
	=	255.149	/	1813.5845
	=	14.07 %

Panjawattana Plastic 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 )
	=	277.584	/	( ( (3391.826 - 1474.826)	+	(3586.583 - 1654.317) )	/ 2 )
	=	277.584	/	( ( 1917	+	1932.266 )	/ 2 )
	=	277.584	/	1924.633
	=	14.42 %

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

Panjawattana Plastic PCL (BKK:PJW) 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.

Panjawattana Plastic PCL ROCE % Related Terms

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Panjawattana Plastic PCL (BKK:PJW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Panjawattana Plastic PCL (BKK:PJW) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ekachai Road, No. 19 and 21 Soi Ekachai 63, Kwang Klong Bangbon, Khet Bangbon, Bangkok, THA, 10150

Website

https://www.pjw.co.th

Panjawattana Plastic PCL is engaged in manufacturing and distribution of packaging for consumer product, agro chemical, automotive parts and materials from plastic imitation. The company operates its business through the following segments, Samuthsakhon Plant, Chonburi Plant, Bangkok Plant, Jiangsu Plant, Tianjin Plant, Service and the Business trading segment.

Panjawattana Plastic PCL (BKK:PJW) Headlines

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