Thai Solar Energy PCL (BKK:TSE) ROCE % : -46.30% (As of Dec. 2023)

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What is Thai Solar Energy 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. Thai Solar Energy PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -46.30%.

Thai Solar Energy PCL ROCE % Historical Data

The historical data trend for Thai Solar Energy 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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Thai Solar Energy PCL ROCE % Chart

Thai Solar Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.26

4.97

5.11

6.62

-5.54

Thai Solar Energy 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															6.26	7.12	5.70	5.57	-46.30

Thai Solar Energy PCL ROCE % Calculation

Thai Solar Energy 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 )
	=	-676.854	/	( ( (20510.039 - 2651.207)	+	(10259.841 - 3675.793) )	/ 2 )
	=	-676.854	/	( (17858.832	+	6584.048)	/ 2 )
	=	-676.854	/	12221.44
	=	-5.54 %

Thai Solar Energy 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 )
	=	-6212.692	/	( ( (21505.119 - 1253.275)	+	(10259.841 - 3675.793) )	/ 2 )
	=	-6212.692	/	( ( 20251.844	+	6584.048 )	/ 2 )
	=	-6212.692	/	13417.946
	=	-46.30 %

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

Thai Solar Energy PCL (BKK:TSE) 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.

Thai Solar Energy PCL ROCE % Related Terms

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Thai Solar Energy PCL (BKK:TSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thai Solar Energy PCL (BKK:TSE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Sukhumvit Road, 19th Floor, 725 S-Metro Building, Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.thaisolarenergy.com

Thai Solar Energy Public Company Ltd is engaged in the generation and distribution of electricity from solar power to the government and private sector. The company has its operational footprints in Thailand and Japan. Its operating segments are Domestic and International of which, the company generates a majority of its revenue from the Domestic segment. The firm's projects are Solar PV Farms Thailand, Solar PV Farms Japan, Solar PV Rooftop Plants Thailand, and Biomass Power Plants.