Trinity Watthana PCL (BKK:TNITY) ROCE % : 2.83% (As of Dec. 2023)

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What is Trinity Watthana 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. Trinity Watthana PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.83%.

Trinity Watthana PCL ROCE % Historical Data

The historical data trend for Trinity Watthana 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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Trinity Watthana PCL ROCE % Chart

Trinity Watthana PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.27

10.45

16.58

13.08

-13.18

Trinity Watthana 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															16.97	0.76	-44.55	-9.85	2.83

Trinity Watthana PCL ROCE % Calculation

Trinity Watthana 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 )
	=	-301.399	/	( ( (7238.254 - 4640.604)	+	(5507.148 - 3532.305) )	/ 2 )
	=	-301.399	/	( (2597.65	+	1974.843)	/ 2 )
	=	-301.399	/	2286.2465
	=	-13.18 %

Trinity Watthana 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 )
	=	58.332	/	( ( (6048.384 - 3899.048)	+	(5507.148 - 3532.305) )	/ 2 )
	=	58.332	/	( ( 2149.336	+	1974.843 )	/ 2 )
	=	58.332	/	2062.0895
	=	2.83 %

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

Trinity Watthana PCL (BKK:TNITY) 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.

Trinity Watthana PCL ROCE % Related Terms

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Trinity Watthana PCL (BKK:TNITY) Business Description

Industry

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Traded in Other Exchanges

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Address

Number 179/111, South Sathorn Road, 26th Floor, Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.trinitythai.com

Trinity Watthana PCL is a Thailand-based investment holding company. The firm and its subsidiaries are organized into two principal business segments based on their products and services, which are the Securities and derivatives business, which is the key revenue-generating segment, and the Financial advisory and investment banking business. It is engaged in the securities business, including securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowing and lending, private fund asset management, financial advisory, and derivatives agent. The group only operates in Thailand.

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