Platt Nera International (HKSE:01949) ROC % : -1.97% (As of Jun. 2024)

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What is Platt Nera International ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Platt Nera International's annualized return on capital (ROC %) for the quarter that ended in Jun. 2024 was -1.97%.

As of today (2025-03-27), Platt Nera International's WACC % is 6.12%. Platt Nera International's ROC % is 0.46% (calculated using TTM income statement data). Platt Nera International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Platt Nera International ROC % Historical Data

The historical data trend for Platt Nera International's ROC % 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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Platt Nera International ROC % Chart

Platt Nera International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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6.37

-2.34

-2.02

-6.00

1.48

Platt Nera International Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROC %	Get a 7-Day Free Trial										-1.63	-10.28	1.20	2.08	-1.97

Platt Nera International ROC % Calculation

Platt Nera International's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	5.206 * ( 1 - 26.05% )	/	( (278.859	+	242.791)	/ 2 )
=	3.849837	/	260.825
=	1.48 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	376.263	-	91.513	-	( 5.891	-	max(0, 152.11	-	186.621	+	5.891	))
=	278.859

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	364.861	-	101.352	-	( 20.718	-	max(0, 152.333	-	208.602	+	20.718	))
=	242.791

Platt Nera International's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-4.358 * ( 1 - 0% )	/	( (242.791	+	199.454)	/ 2 )
=	-4.358	/	221.1225
=	-1.97 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	364.861	-	101.352	-	( 20.718	-	max(0, 152.333	-	208.602	+	20.718	))
=	242.791

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	328.373	-	109.924	-	( 18.995	-	max(0, 154.274	-	209.869	+	18.995	))
=	199.454

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

Platt Nera International (HKSE:01949) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Platt Nera International's WACC % is 6.12%. Platt Nera International's ROC % is 0.46% (calculated using TTM income statement data). Platt Nera International earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Platt Nera International ROC % Related Terms

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Platt Nera International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Platt Nera International Ltd (HKSE:01949) » Definitions » ROC %

Comparable Companies

Traded in Other Exchanges

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Address

Soi Sukhumvit 16 (Sammit), Ratchadapisek Road, 170/9-10 Ocean Tower 1, 4th Floor, Klongtoey, Bangkok, THA, 10110

Website

https://www.plattnera.com

Platt Nera International Ltd is engaged in the provision of IT-integrated solutions and IT support services, and the sale of equipment in Thailand. IT integrated solutions comprise a range of services, from project design and planning, assessment of hardware and/or software options and their suitability, sourcing, and sale of hardware and/ or software (either bundled or separately), system installation and launch to trial operation and acceptance, including system upgrades for existing systems. It derives revenue from the provision of IT-integrated solutions, IT support services, and the sale of equipment in Thailand.

Executives

Asvaplungprohm Prapan	2201 Interest of corporation controlled by you
Pynk Holding Limited	2101 Beneficial owner
Talomsin Aranya	2201 Interest of corporation controlled by you
Archadechopon Wison	2201 Interest of corporation controlled by you

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