Delta Paint PCL (BKK:DPAINT) ROCE % : -18.01% (As of Mar. 2024)

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What is Delta Paint 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. Delta Paint PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -18.01%.

Delta Paint PCL ROCE % Historical Data

The historical data trend for Delta Paint 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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Delta Paint PCL ROCE % Chart

Delta Paint PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

37.76

28.64

15.90

10.96

4.18

Delta Paint PCL Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											12.38	18.83	-2.23	-0.46	-18.01

Delta Paint PCL ROCE % Calculation

Delta Paint 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 )
	=	29.547	/	( ( (1085.846 - 359.477)	+	(1228.476 - 541.406) )	/ 2 )
	=	29.547	/	( (726.369	+	687.07)	/ 2 )
	=	29.547	/	706.7195
	=	4.18 %

Delta Paint 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 )
	=	-121.084	/	( ( (1228.476 - 541.406)	+	(1215.175 - 557.788) )	/ 2 )
	=	-121.084	/	( ( 687.07	+	657.387 )	/ 2 )
	=	-121.084	/	672.2285
	=	-18.01 %

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

Delta Paint PCL (BKK:DPAINT) 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.

Delta Paint PCL ROCE % Related Terms

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Delta Paint PCL (BKK:DPAINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Delta Paint PCL (BKK:DPAINT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Delta House Building Thian Ruammit Road, Huai Khwang Subdistrict, Huai Khwang District, Bangkok, THA, 10320

Website

https://www.deltapaint.co.th

Delta Paint PCL is engaged in the production and distribution of paint and chemical. It primarily operates in Thailand.

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