Eastern Water Resources Development and Management PCL (BKK:EASTW) ROCE % : 0.73% (As of Dec. 2023)

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What is Eastern Water Resources Development and Management 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. Eastern Water Resources Development and Management PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.73%.

Eastern Water Resources Development and Management PCL ROCE % Historical Data

The historical data trend for Eastern Water Resources Development and Management 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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Eastern Water Resources Development and Management PCL ROCE % Chart

Eastern Water Resources Development and Management PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.25

6.12

7.56

5.45

3.01

Eastern Water Resources Development and Management 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															2.70	4.71	3.59	3.76	0.73

Eastern Water Resources Development and Management PCL ROCE % Calculation

Eastern Water Resources Development and Management 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 )
	=	710.097	/	( ( (25097.794 - 3707.163)	+	(29076.66 - 3250.848) )	/ 2 )
	=	710.097	/	( (21390.631	+	25825.812)	/ 2 )
	=	710.097	/	23608.2215
	=	3.01 %

Eastern Water Resources Development and Management 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 )
	=	175.44	/	( ( (26522.693 - 4500.665)	+	(29076.66 - 3250.848) )	/ 2 )
	=	175.44	/	( ( 22022.028	+	25825.812 )	/ 2 )
	=	175.44	/	23923.92
	=	0.73 %

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

Eastern Water Resources Development and Management PCL (BKK:EASTW) 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.

Eastern Water Resources Development and Management PCL ROCE % Related Terms

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Eastern Water Resources Development and Management PCL (BKK:EASTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eastern Water Resources Development and Management PCL (BKK:EASTW) » Definitions » ROCE %

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Traded in Other Exchanges

7ES1:Germany

Address

No. 1 Soi Vipavadeerangsit 5, Vipavadeerangsit Road, 23rd - 26th Floors, East Water Building, Jomphol Sub-district, Chatujak District, Bangkok, THA, 10900

Website

https://www.eastwater.com

Eastern Water Resources Development and Management PLC is a Thailand-based water utilities company. The business operations of the Company are development and management of the water distribution pipeline systems in the Eastern Seaboard area of Thailand, supply of raw water, production and supply of tap water. The segment of the business comprises of supply of raw water, production and supply of tap water, supply of industrial water business, waterworks management, and engineering services.

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