Eastern Technical Engineering PCL (BKK:ETE) ROCE % : 5.17% (As of Sep. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Eastern Technical Engineering 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 Technical Engineering PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.17%.

Eastern Technical Engineering PCL ROCE % Historical Data

The historical data trend for Eastern Technical Engineering 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.

* Premium members only.

Eastern Technical Engineering PCL ROCE % Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.24

5.67

5.15

3.47

8.04

Eastern Technical Engineering PCL Quarterly Data
	Dec19	Mar20	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															6.66	11.79	8.05	5.66	5.17

Eastern Technical Engineering PCL ROCE % Calculation

Eastern Technical Engineering 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 )
	=	104.871	/	( ( (2138.417 - 821.262)	+	(2446.907 - 1154.308) )	/ 2 )
	=	104.871	/	( (1317.155	+	1292.599)	/ 2 )
	=	104.871	/	1304.877
	=	8.04 %

Eastern Technical Engineering 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 )
	=	77.712	/	( ( (2620.664 - 1126.678)	+	(2499.196 - 987.125) )	/ 2 )
	=	77.712	/	( ( 1493.986	+	1512.071 )	/ 2 )
	=	77.712	/	1503.0285
	=	5.17 %

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

Eastern Technical Engineering PCL (BKK:ETE) 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 Technical Engineering PCL ROCE % Related Terms

Thank you for viewing the detailed overview of Eastern Technical Engineering PCL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Technical Engineering PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ETE-R:Thailand

Address

88 Soi. Yothinpattana, Klongchan Sub-district, Bangkapi District, Bangkok, THA, 10240

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

Eastern Technical Engineering PCL Headlines

No Headlines