Bangkok Expressway (BKK:BECL-R) ROCE % : 18.37% (As of Sep. 2015)

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What is Bangkok Expressway 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 Expressway's annualized ROCE % for the quarter that ended in Sep. 2015 was 18.37%.

Bangkok Expressway ROCE % Historical Data

The historical data trend for Bangkok Expressway'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 Expressway ROCE % Chart

Bangkok Expressway Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROCE %

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9.32

7.10

11.24

16.24

Bangkok Expressway Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROCE %	Get a 7-Day Free Trial															8.62	-	8.00	6.84	18.37

Bangkok Expressway ROCE % Calculation

Bangkok Expressway's annualized ROCE % for the fiscal year that ended in Dec. 2014 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2014 )		(A: Dec. 2013 )		(A: Dec. 2014 )
	=	0	/	( ( (47051.848 - 6474.401)	+	(55275.647 - 9030.694) )	/ 2 )
	=	0	/	( (40577.447	+	46244.953)	/ 2 )
	=	0	/	43411.2
	=	0.00 %

Bangkok Expressway's ROCE % of for the quarter that ended in Sep. 2015 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2015 )		(Q: Jun. 2015 )		(Q: Sep. 2015 )
	=	8369.424	/	( ( (56166.46 - 11094.995)	+	(57786.962 - 11738.552) )	/ 2 )
	=	8369.424	/	( ( 45071.465	+	46048.41 )	/ 2 )
	=	8369.424	/	45559.9375
	=	18.37 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2015) EBIT data.

Bangkok Expressway (BKK:BECL-R) 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 Expressway ROCE % Related Terms

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Bangkok Expressway (BKK:BECL-R) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bangkok Expressway PLC (BKK:BECL-R) » Definitions » ROCE %

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Website

http://www.becl.co.th

Bangkok Expressway Public Company Limited engages in the design, construction, management, and operation of expressways in Thailand. The Company is engaged in the construction and management of Si Rat Expressway (Second Stage Expressway Project) and other extensions, including related businesses under the Second Stage Expressway agreement with the Expressway Authority of Thailand (EXAT); and the Udon Ratthaya Expressway under the Bang Pa-in-Pak Kret Expressway agreement entered into between EXAT and the Company.

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