Well Graded Engineering PCL (BKK:WGE) ROCE % : 43.11% (As of Mar. 2024)

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What is Well Graded Engineering 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. Well Graded Engineering PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.11%.

Well Graded Engineering PCL ROCE % Historical Data

The historical data trend for Well Graded Engineering 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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Well Graded Engineering PCL ROCE % Chart

Well Graded Engineering PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

44.93

11.92

3.26

-21.16

-49.30

Well Graded Engineering PCL Quarterly Data
	Jun19	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														-58.27	-3.49	9.92	-150.81	43.11

Well Graded Engineering PCL ROCE % Calculation

Well Graded Engineering 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 )
	=	-248.125	/	( ( (1512.545 - 897.748)	+	(1574.017 - 1182.156) )	/ 2 )
	=	-248.125	/	( (614.797	+	391.861)	/ 2 )
	=	-248.125	/	503.329
	=	-49.30 %

Well Graded Engineering 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 )
	=	165.42	/	( ( (1574.017 - 1182.156)	+	(1590.033 - 1214.401) )	/ 2 )
	=	165.42	/	( ( 391.861	+	375.632 )	/ 2 )
	=	165.42	/	383.7465
	=	43.11 %

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

Well Graded Engineering PCL (BKK:WGE) 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.

Well Graded Engineering PCL ROCE % Related Terms

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Well Graded Engineering PCL (BKK:WGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Well Graded Engineering PCL (BKK:WGE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50/1203 Moo 9, Bangpood, Pakkred, Nonthaburi, THA, 11120

Website

https://www.well-graded.com

Well Graded Engineering PCL is an engineering and construction company. The company is engaged in the business of construction work services and consultants for the design and supervision of construction, engineering, and architecture works. Its projects portfolio includes High Rise Condo; Low Rise Condo; Office Building; Hospital; Sales Gallery; Community Mall; an Interior; Factory; Public Utility System; and Renovate.

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