Bangkok Aviation Fuel Services PCL (BKK:BAFS) ROCE % : 2.99% (As of Dec. 2024)

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What is Bangkok Aviation Fuel Services 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. Bangkok Aviation Fuel Services PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.99%.

Bangkok Aviation Fuel Services PCL ROCE % Historical Data

The historical data trend for Bangkok Aviation Fuel Services 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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Bangkok Aviation Fuel Services PCL ROCE % Chart

Bangkok Aviation Fuel Services PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.29

-3.00

0.62

2.38

4.02

Bangkok Aviation Fuel Services PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.02	5.11	4.10	3.95	2.99

Bangkok Aviation Fuel Services PCL ROCE % Calculation

Bangkok Aviation Fuel Services PCL's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	795.996	/	( ( (22726.984 - 2417.076)	+	(21800.548 - 2498.344) )	/ 2 )
	=	795.996	/	( (20309.908	+	19302.204)	/ 2 )
	=	795.996	/	19806.056
	=	4.02 %

Bangkok Aviation Fuel Services PCL's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	576.172	/	( ( (21659.644 - 2370.466)	+	(21800.548 - 2498.344) )	/ 2 )
	=	576.172	/	( ( 19289.178	+	19302.204 )	/ 2 )
	=	576.172	/	19295.691
	=	2.99 %

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

Bangkok Aviation Fuel Services PCL (BKK:BAFS) 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.

Bangkok Aviation Fuel Services PCL ROCE % Related Terms

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Bangkok Aviation Fuel Services PCL Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bangkok Aviation Fuel Services PCL (BKK:BAFS) » Definitions » ROCE %

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BAFS-R:Thailand

Address

171/2 Kamphang Phet 6 Road, Don Mueang, Khet Don Mueang, Bangkok, THA, 10210

Website

https://www.bafsthai.com

Bangkok Aviation Fuel Services PCL provides fuel services and storage for multiple airports in Thailand. The company transports fuel through pipelines, and owns storage tanks to handle different variations of fuel. It coordinates filters, water separators, and control rooms to transform the fuel into ready-to-use conditions. The company has three operating segments: The aviation segment, Utility and Power segment, and business solution segment. Bangkok Aviation services multiple airlines, and incorporates technology to improve efficiency while following regulations. Its fuel services provide for domestic and international flights.

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