Aapico Hitech PCL (BKK:AH) ROCE % : 12.83% (As of Mar. 2024)

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What is Aapico Hitech 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. Aapico Hitech PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.83%.

Aapico Hitech PCL ROCE % Historical Data

The historical data trend for Aapico Hitech 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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Aapico Hitech PCL ROCE % Chart

Aapico Hitech PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.80

4.09

10.90

17.02

15.26

Aapico Hitech PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															20.25	16.62	20.29	3.64	12.83

Aapico Hitech PCL ROCE % Calculation

Aapico Hitech 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 )
	=	2127.86	/	( ( (25469.034 - 11237.442)	+	(25293.297 - 11632.939) )	/ 2 )
	=	2127.86	/	( (14231.592	+	13660.358)	/ 2 )
	=	2127.86	/	13945.975
	=	15.26 %

Aapico Hitech PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1801.352	/	( ( (25293.297 - 11632.939)	+	(25477.489 - 11050.564) )	/ 2 )
	=	1801.352	/	( ( 13660.358	+	14426.925 )	/ 2 )
	=	1801.352	/	14043.6415
	=	12.83 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Aapico Hitech PCL (BKK:AH) 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.

Aapico Hitech PCL ROCE % Related Terms

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Aapico Hitech PCL (BKK:AH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aapico Hitech PCL (BKK:AH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AH-F:Thailand

Address

Tambol Ban Lane, 99 Moo 1 Hitech Industrial Estate, Ampur Bang Pa-in, Ayutthya, THA, 13160

Website

https://www.aapico.com

Aapico Hitech PCL is a manufacturing company. The business activity of the firm is organized into business units based on their products and services and has three reported segments which are the Manufacture of auto parts; Sales of automobiles and the provision of automobile repair service; and Others. It manufactures products such as Jigs, Stamping dies, and Original equipment manufacturing auto parts, including Floor parts, Cross members, Pillars, Brackets, Clips, and Fuel tanks. Geographically the firm has its presence in the region of Thailand, China, Malaysia, and Portugal from which it derives the majority of its revenue from Thailand. Most of its revenue is derived from the Manufacture of automobiles assembly tools and parts segment.

Aapico Hitech PCL (BKK:AH) Headlines

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