Toray Textiles (Thailand) PCL (BKK:TTT) ROCE % : 6.85% (As of Dec. 2023)

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What is Toray Textiles (Thailand) 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. Toray Textiles (Thailand) PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.85%.

Toray Textiles (Thailand) PCL ROCE % Historical Data

The historical data trend for Toray Textiles (Thailand) 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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Toray Textiles (Thailand) PCL ROCE % Chart

Toray Textiles (Thailand) PCL Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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6.27

3.26

-8.53

-0.76

0.98

Toray Textiles (Thailand) 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															1.01	-3.99	-1.64	5.69	6.85

Toray Textiles (Thailand) PCL ROCE % Calculation

Toray Textiles (Thailand) PCL's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	73.772	/	( ( (8457.499 - 892.941)	+	(8629.201 - 1064.433) )	/ 2 )
	=	73.772	/	( (7564.558	+	7564.768)	/ 2 )
	=	73.772	/	7564.663
	=	0.98 %

Toray Textiles (Thailand) 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 )
	=	520.344	/	( ( (8623.747 - 1043.148)	+	(8732.046 - 1128.952) )	/ 2 )
	=	520.344	/	( ( 7580.599	+	7603.094 )	/ 2 )
	=	520.344	/	7591.8465
	=	6.85 %

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

Toray Textiles (Thailand) PCL (BKK:TTT) 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.

Toray Textiles (Thailand) PCL ROCE % Related Terms

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Toray Textiles (Thailand) PCL (BKK:TTT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Toray Textiles (Thailand) PCL (BKK:TTT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Sathorn Road, 20 Bubhajit Building, 5th Floor, Silom Subdistrict, Bang Rak District, Bangkok, THA, 10500

Website

https://www.toray.co.th

Toray Textiles (Thailand) PCL operates as a textile business. The principal activities of the company are the manufacturing of textiles consisting of spun fabric, filament fabric, woven fabric, knitted fabric, and denim yarn; and an industrial material product consisting of cord for rubber material reinforcement, fabric for airbags, canvas and car seat fabric. Its operating segment includes Textile; and Industrial material products. It generates maximum revenue from the Textile segment. Geographically, it derives a majority of revenue from Thailand and also has a presence in Japan; Bangladesh; Vietnam; the United Arab Emirates, and Other Countries.

Toray Textiles (Thailand) PCL (BKK:TTT) Headlines

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