Eastern Star Real Estate PCL (BKK:ESTAR) ROCE % : 2.77% (As of Dec. 2023)

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What is Eastern Star Real Estate 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. Eastern Star Real Estate PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.77%.

Eastern Star Real Estate PCL ROCE % Historical Data

The historical data trend for Eastern Star Real Estate 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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Eastern Star Real Estate PCL ROCE % Chart

Eastern Star Real Estate PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.39

4.54

0.74

1.46

0.70

Eastern Star Real Estate PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.53	-0.05	0.11	-0.04	2.77

Eastern Star Real Estate PCL ROCE % Calculation

Eastern Star Real Estate 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 )
	=	42.934	/	( ( (6409.976 - 491.019)	+	(6867.965 - 543.215) )	/ 2 )
	=	42.934	/	( (5918.957	+	6324.75)	/ 2 )
	=	42.934	/	6121.8535
	=	0.70 %

Eastern Star Real Estate PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	170.732	/	( ( (6609.193 - 590.666)	+	(6867.965 - 543.215) )	/ 2 )
	=	170.732	/	( ( 6018.527	+	6324.75 )	/ 2 )
	=	170.732	/	6171.6385
	=	2.77 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Eastern Star Real Estate PCL (BKK:ESTAR) 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.

Eastern Star Real Estate PCL ROCE % Related Terms

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Eastern Star Real Estate PCL (BKK:ESTAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eastern Star Real Estate PCL (BKK:ESTAR) » Definitions » ROCE %

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Address

898 Ploenchit Tower Building, Ploenchit Road, 5th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.estarpcl.com

Eastern Star Real Estate PCL is a company engaged in the real estate development business. It undertakes housing and condominium projects. The group operates in three business segments namely, Real estate business, Golf course business and Rental business, of which a majority of the revenue is derived from Real estate business. The company and its subsidiaries operate only in Thailand.

Eastern Star Real Estate PCL (BKK:ESTAR) Headlines

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