PTT Global Chemical PCL (BKK:PTTGC-F) ROCE %

: 6.19% (As of Dec. 2023)

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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. PTT Global Chemical PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.19%.

PTT Global Chemical PCL ROCE % Historical Data

The historical data trend for PTT Global Chemical 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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PTT Global Chemical PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

3.97

0.92

11.39

-0.01

2.30

PTT Global Chemical PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																0.79	1.83	-1.97	3.22	6.19

PTT Global Chemical PCL ROCE % Calculation

PTT Global Chemical 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 )
	=	13934.871	/	( ( (719965.487 - 103976.4)	+	(719004.996 - 125841.487) )	/ 2 )
	=	13934.871	/	( (615989.087	+	593163.509)	/ 2 )
	=	13934.871	/	604576.298
	=	2.30 %

PTT Global Chemical 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 )
	=	37049.004	/	( ( (732905.681 - 128435.946)	+	(719004.996 - 125841.487) )	/ 2 )
	=	37049.004	/	( ( 604469.735	+	593163.509 )	/ 2 )
	=	37049.004	/	598816.622
	=	6.19 %

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

PTT Global Chemical PCL (BKK:PTTGC-F) 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.

PTT Global Chemical PCL ROCE % Related Terms

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PTT Global Chemical PCL (BKK:PTTGC-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PTT Global Chemical PCL (BKK:PTTGC-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PTTGC:Thailand GCB:Germany

Address

Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 14th - 18th Floor, Chatuchak, Bangkok, THA, 10900

Website

https://www.pttgcgroup.com

PTT Global Chemical PCL is a Thailand-based company. The reportable segments of the company are Upstream (including Refinery, Aromatics and Olefins), Intermediates (including EO-Based Performance, Phenol and others) Polymers and Chemicals, Bio and Circularity, Performance Chemicals, Service and Others. The majority of revenue is earned in Thailand.

PTT Global Chemical PCL (BKK:PTTGC-F) Headlines

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