Asia Network International PCL (BKK:ANI) ROCE % : 10.49% (As of Mar. 2024)

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What is Asia Network International 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. Asia Network International PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.49%.

Asia Network International PCL ROCE % Historical Data

The historical data trend for Asia Network International 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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Asia Network International PCL ROCE % Chart

Asia Network International PCL Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

13.72

42.05

17.71

Asia Network International PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			75.51	26.48	22.53	14.19	10.49

Asia Network International PCL ROCE % Calculation

Asia Network International 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 )
	=	1110.338	/	( ( (10343.07 - 6286.621)	+	(10279.929 - 1799.687) )	/ 2 )
	=	1110.338	/	( (4056.449	+	8480.242)	/ 2 )
	=	1110.338	/	6268.3455
	=	17.71 %

Asia Network International 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 )
	=	895.76	/	( ( (10279.929 - 1799.687)	+	(10202.481 - 1610.553) )	/ 2 )
	=	895.76	/	( ( 8480.242	+	8591.928 )	/ 2 )
	=	895.76	/	8536.085
	=	10.49 %

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

Asia Network International PCL (BKK:ANI) 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.

Asia Network International PCL ROCE % Related Terms

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Asia Network International PCL (BKK:ANI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Network International PCL (BKK:ANI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, No. 628, Triple I Building, 6th Floor, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://investor.anicargo.com

Asia Network International PCL is a A holding company with core business in Cargo General Sales and Services Agent or Cargo GSSA for reputable airlines in 8 countries and special administrative region around Southeast Asia. The operations of the company is to provide air-cargo logistics services to both domestic and international customers.

Asia Network International PCL (BKK:ANI) Headlines

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