Advice IT Infinite PCL (BKK:ADVICE) ROCE % : 53.63% (As of Sep. 2023)

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What is Advice IT Infinite 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. Advice IT Infinite PCL's annualized ROCE % for the quarter that ended in Sep. 2023 was 53.63%.

Advice IT Infinite PCL ROCE % Historical Data

The historical data trend for Advice IT Infinite 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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Advice IT Infinite PCL ROCE % Chart

Advice IT Infinite PCL Annual Data

Trend

Dec20

Dec21

Dec22

ROCE %

110.11

51.64

Advice IT Infinite PCL Quarterly Data
	Dec21	Sep22	Dec22	Sep23
ROCE %	-	20.09	63.36	53.63

Advice IT Infinite PCL ROCE % Calculation

Advice IT Infinite PCL's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	277.748	/	( ( (2553.991 - 2002.655)	+	(2586.247 - 2061.816) )	/ 2 )
	=	277.748	/	( (551.336	+	524.431)	/ 2 )
	=	277.748	/	537.8835
	=	51.64 %

Advice IT Infinite PCL's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	274.516	/	( ( (2586.247 - 2061.816)	+	(2663.736 - 2164.414) )	/ 2 )
	=	274.516	/	( ( 524.431	+	499.322 )	/ 2 )
	=	274.516	/	511.8765
	=	53.63 %

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

Advice IT Infinite PCL (BKK:ADVICE) 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.

Advice IT Infinite PCL ROCE % Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA

Website

https://www.advice.co.th

Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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