Firetrade Engineering PCL (BKK:FTE) ROCE % : 11.45% (As of Mar. 2024)

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What is Firetrade 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. Firetrade Engineering PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.45%.

Firetrade Engineering PCL ROCE % Historical Data

The historical data trend for Firetrade 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.

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Firetrade Engineering PCL ROCE % Chart

Firetrade Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.83

9.86

7.30

12.44

16.40

Firetrade Engineering PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															18.12	14.53	14.73	17.63	11.45

Firetrade Engineering PCL ROCE % Calculation

Firetrade 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 )
	=	152.364	/	( ( (1183.592 - 288.621)	+	(1182.57 - 219.003) )	/ 2 )
	=	152.364	/	( (894.971	+	963.567)	/ 2 )
	=	152.364	/	929.269
	=	16.40 %

Firetrade Engineering 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 )
	=	111.488	/	( ( (1182.57 - 219.003)	+	(1240.157 - 255.602) )	/ 2 )
	=	111.488	/	( ( 963.567	+	984.555 )	/ 2 )
	=	111.488	/	974.061
	=	11.45 %

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

Firetrade Engineering PCL (BKK:FTE) 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.

Firetrade Engineering PCL ROCE % Related Terms

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Firetrade Engineering PCL (BKK:FTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Firetrade Engineering PCL (BKK:FTE) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

1198/5 Rama 9 Road, Phattanakan Sub-district, Suanluang District, Bangkok, THA, 10250

Website

https://www.firetrade.co.th

Firetrade Engineering PCL is engaged in the sales of fire protection equipment and systems, design, installation, repair, and maintenance of fire protection systems. The group operates in two main business segments, namely sales of fire protection equipment systems and project works and services. Its products include fire protection equipment, foam system, cold water, and sanitary valves. The sales of the fire protection equipment systems segment act as a revenue driver for the firm. Its operations are in a single geographic area mainly in Thailand.

Firetrade Engineering PCL (BKK:FTE) Headlines

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