Polaris Capital PCL (BKK:POLAR-R) ROCE % : -0.99% (As of Mar. 2024)

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What is Polaris Capital 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. Polaris Capital PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.99%.

Polaris Capital PCL ROCE % Historical Data

The historical data trend for Polaris Capital 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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Polaris Capital PCL ROCE % Chart

Polaris Capital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.57

-4.56

-0.33

-1.42

-1.37

Polaris Capital 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															-4.21	-0.12	-0.72	-0.24	-0.99

Polaris Capital PCL ROCE % Calculation

Polaris Capital 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 )
	=	-44.197	/	( ( (3457.735 - 251.799)	+	(3441.895 - 213.351) )	/ 2 )
	=	-44.197	/	( (3205.936	+	3228.544)	/ 2 )
	=	-44.197	/	3217.24
	=	-1.37 %

Polaris Capital 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 )
	=	-32.096	/	( ( (3441.895 - 213.351)	+	(3508.74 - 221.064) )	/ 2 )
	=	-32.096	/	( ( 3228.544	+	3287.676 )	/ 2 )
	=	-32.096	/	3258.11
	=	-0.99 %

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

Polaris Capital PCL (BKK:POLAR-R) 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.

Polaris Capital PCL ROCE % Related Terms

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Polaris Capital PCL (BKK:POLAR-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Polaris Capital PCL (BKK:POLAR-R) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

503/34 KSL TOWER, Sriayudhya Road , 18th Floor, Rajathevi District, Bangkok, THA

Website

http://www.polariscap.co.th

Polaris Capital PCL is engaged in the development and sale of real estate properties. The company is engaged in property development for sales business and bitcoin mining machine rental business. The company holds an interest in projects such as The Clover Phuket, Clover Ladprao 83 and Living Nararungsit. Geographically, it operates through the region of Thailand.

Polaris Capital PCL (BKK:POLAR-R) Headlines

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