Clover Power PCL (BKK:CV) ROCE %: -28.66% (As of Sep. 2024)


BKK:CV Clover Power PCL BKK:CV
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What is Clover Power PCL ROCE %?

Clover Power PCL BKK:CV 4 ROCE % is -28.66% as of Sep. 2024. GuruFocus rates BKK:CV with a GF Score™ of 4/100.

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. Clover Power PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was -28.66%.

Clover Power PCL  (BKK:CV) 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.

Clover Power PCL ROCE % Related Terms

Clover Power PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Clover Power 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.

Clover Power PCL ROCE % Chart

Clover Power PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
0.00 27.53 12.09 2.77 -14.95

Clover Power PCL Quarterly Data
Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.47 -46.66 -7.64 -53.09 -28.66
BKK:CV
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Clover Power PCL ROCE % Calculation

Clover Power 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 )
=-441.974/( ( (4447.073 - 1341.759) + (4441.242 - 1633.389) )/ 2 )
=-441.974/( (3105.314+2807.853)/ 2 )
=-441.974/2956.5835
=-14.95 %

Clover Power 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 )
=-541.256/( ( (4038.415 - 1899.077) + (3834.623 - 2197.403) )/ 2 )
=-541.256/( ( 2139.338 + 1637.22 )/ 2 )
=-541.256/1888.279
=-28.66 %

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

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -28.66% mean?
Clover Power PCL (BKK:CV) has a ROCE % of -28.66% as of Sep. 2024.
Is Clover Power PCL's ROCE % too high?
Clover Power PCL's current ROCE % is -28.66%. Overall, Clover Power PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Clover Power PCL's ROCE % compare to CEG?
Clover Power PCL's ROCE % of -28.66% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.79. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.79, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median ROCE % is 4.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clover Power PCL's current ROCE % is -28.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clover Power PCL stock overvalued right now?
Clover Power PCL (BKK:CV) has a current ROCE % of -28.66%. The current ROCE % is -28.66%. Clover Power PCL's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Clover Power PCL (BKK:CV), the current ROCE % is -28.66% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clover Power PCL Business Description

Address No. 159 Soi Rama 9 57/1 (Wisetsuk 2), Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250
Clover Power PCL is engaged in the generation and sale of electricity from biomass power plants, rendering management services to the Group and holds investments in other companies.
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