V.L. Enterprise PCL (BKK:VL-R) ROCE % : 9.66% (As of Dec. 2023)

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What is V.L. Enterprise 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. V.L. Enterprise PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.66%.

V.L. Enterprise PCL ROCE % Historical Data

The historical data trend for V.L. Enterprise 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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V.L. Enterprise PCL ROCE % Chart

V.L. Enterprise PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.66

8.11

3.99

3.67

4.48

V.L. Enterprise 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															2.42	2.69	3.49	1.96	9.66

V.L. Enterprise PCL ROCE % Calculation

V.L. Enterprise 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 )
	=	73.421	/	( ( (1882.096 - 244.69)	+	(1900.186 - 261.626) )	/ 2 )
	=	73.421	/	( (1637.406	+	1638.56)	/ 2 )
	=	73.421	/	1637.983
	=	4.48 %

V.L. Enterprise 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 )
	=	159.268	/	( ( (1929.767 - 270.03)	+	(1900.186 - 261.626) )	/ 2 )
	=	159.268	/	( ( 1659.737	+	1638.56 )	/ 2 )
	=	159.268	/	1649.1485
	=	9.66 %

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

V.L. Enterprise PCL (BKK:VL-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.

V.L. Enterprise PCL ROCE % Related Terms

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V.L. Enterprise PCL (BKK:VL-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » V.L. Enterprise PCL (BKK:VL-R) » Definitions » ROCE %

Traded in Other Exchanges

VL:Thailand

Address

41 Asoke-Dindang Road, Makkasan, Ratchatevee, Bangkok, THA, 10400

Website

https://www.vlenterprise.co.th

V.L. Enterprise PCL operates a tanker fleet business and provides logistical cargo shipping locally and regionally. It manages the business of transportation service for petroleum and chemical products covering both domestic and international cargo. The company's operating segment is the oil tanker fleet transportation service. Geographically the company provides freight services in both domestic and international shipping services in Southeast Asia; generating a vast majority of its revenues from domestic freight charges.

V.L. Enterprise PCL (BKK:VL-R) Headlines

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