Asia Sermkij Leasing PCL (BKK:ASK) ROCE % : 6.36% (As of Sep. 2024)

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What is Asia Sermkij Leasing 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 Sermkij Leasing PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.36%.

Asia Sermkij Leasing PCL ROCE % Historical Data

The historical data trend for Asia Sermkij Leasing 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 Sermkij Leasing PCL ROCE % Chart

Asia Sermkij Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.23

5.59

5.26

4.78

3.49

Asia Sermkij Leasing PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															6.40	-6.93	7.03	7.10	6.36

Asia Sermkij Leasing PCL ROCE % Calculation

Asia Sermkij Leasing 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 )
	=	1551.096	/	( ( (69148.571 - 24000.128)	+	(77528.921 - 33733.35) )	/ 2 )
	=	1551.096	/	( (45148.443	+	43795.571)	/ 2 )
	=	1551.096	/	44472.007
	=	3.49 %

Asia Sermkij Leasing PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	2649.328	/	( ( (77364.623 - 35921.518)	+	(74805.371 - 32988.385) )	/ 2 )
	=	2649.328	/	( ( 41443.105	+	41816.986 )	/ 2 )
	=	2649.328	/	41630.0455
	=	6.36 %

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

Asia Sermkij Leasing PCL (BKK:ASK) 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 Sermkij Leasing PCL ROCE % Related Terms

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Asia Sermkij Leasing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Asia Sermkij Leasing PCL (BKK:ASK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASK-R:Thailand

Address

South Sathorn Road, 175 Sathorn City Tower, 24th Floor, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.ask.co.th

Asia Sermkij Leasing PCL operates hire purchase business for all types of automobiles in the form of new car financing to its customers in Bangkok and metropolitan area. Subsequently, the company has expanded its business into used car hire purchase, personal loan and floor plan financing as well as other services such as auto registration, tax renewal, and insurance services. The business operation can be classified into five operating segments: The hire purchase segment, The leasing segment, The loan segment, The factoring segment, The insurance broker segment. A major part of the revenue is generated from hire purchase division.

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