Modernform Group PCL (BKK:MODERN) ROCE % : 3.31% (As of Dec. 2023)

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What is Modernform Group 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. Modernform Group PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.31%.

Modernform Group PCL ROCE % Historical Data

The historical data trend for Modernform Group 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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Modernform Group PCL ROCE % Chart

Modernform Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.70

7.07

4.61

2.62

3.52

Modernform Group 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															4.71	2.19	3.55	5.28	3.31

Modernform Group PCL ROCE % Calculation

Modernform Group 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 )
	=	88.83	/	( ( (3351.934 - 819.37)	+	(3275.214 - 764.997) )	/ 2 )
	=	88.83	/	( (2532.564	+	2510.217)	/ 2 )
	=	88.83	/	2521.3905
	=	3.52 %

Modernform Group 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 )
	=	82.428	/	( ( (3210.001 - 736.146)	+	(3275.214 - 764.997) )	/ 2 )
	=	82.428	/	( ( 2473.855	+	2510.217 )	/ 2 )
	=	82.428	/	2492.036
	=	3.31 %

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

Modernform Group PCL (BKK:MODERN) 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.

Modernform Group PCL ROCE % Related Terms

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Modernform Group PCL (BKK:MODERN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Modernform Group PCL (BKK:MODERN) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

699 Srinakarindr Road, Modernform Tower, 1st - 4th Floor, Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.modernform.co.th

Modernform Group PCL is a Thailand-based company, involved in the manufacturing and distribution of home and office furniture. The business of the group is operated through four segments: furniture business, furniture fitting and other materials business, rental and service business, and architectural design and construction business of which furniture business accounts for the majority of revenue. Its furniture business consists of office furniture products, residential furniture products, kitchen furniture products; bathroom furniture products, and others. All the operations functioned throughout the region of Thailand.

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