Gulf Development PCL (BKK:GULF) ROCE %: 8.12% (As of Mar. 2026)

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BKK:GULF Gulf Development PCL BKK:GULF
15 GF Score
Price ฿65.25
! 12 Warning Signs
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What is Gulf Development PCL ROCE %?

Gulf Development PCL BKK:GULF -1.14% 15 ROCE % is 8.12% as of Mar. 2026. GuruFocus rates BKK:GULF with a GF Score™ of 15/100. The stock has 12 warning signs investors should review.

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. Gulf Development PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.12%.

Gulf Development PCL  (BKK:GULF) 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.

Gulf Development PCL ROCE % Related Terms

Gulf Development PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Gulf Development 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.

Gulf Development PCL ROCE % Chart

Gulf Development PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.34 6.62 7.94 8.50 0.00

Gulf Development PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only 9.40 50.65 7.72 8.27 8.12
BKK:GULF
15GF Score
Gulf Development PCL BKK:GULF
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gulf Development PCL ROCE % Calculation

Gulf Development PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=0/( ( (496202.449 - 71610.021) + (773810.041 - 95873.574) )/ 2 )
=0/( (424592.428+677936.467)/ 2 )
=0/551264.4475
=0.00 %

Gulf Development PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=56838.74/( ( (773810.041 - 95873.574) + (820652.443 - 98224.948) )/ 2 )
=56838.74/( ( 677936.467 + 722427.495 )/ 2 )
=56838.74/700181.981
=8.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) 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 8.12% mean?
Gulf Development PCL (BKK:GULF) has a ROCE % of 8.12% as of Mar. 2026.
Is Gulf Development PCL's ROCE % too high?
Gulf Development PCL's current ROCE % is 8.12%. The Utilities - Independent Power Producers industry median ROCE % is 4.60. Gulf Development PCL's value of 8.12% is 76.5% above this industry median. Overall, Gulf Development PCL has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Gulf Development PCL's ROCE % compare to CEG and VST?
Gulf Development PCL's ROCE % of 8.12% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.60. Gulf Development PCL's value of 8.12% is 76.5% above this benchmark. 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 4.60, based on 442 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. Gulf Development PCL's current ROCE % of 8.12% is 76.5% above the industry median. 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 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Development PCL's current ROCE % is 8.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Development PCL stock overvalued right now?
Gulf Development PCL (BKK:GULF) has a current ROCE % of 8.12%. The current ROCE % is 8.12% and 76.5% above the Utilities - Independent Power Producers industry median of 4.60. Gulf Development PCL's overall GF Score™ is 15/100 with 12 warning signs to review. 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 Gulf Development PCL (BKK:GULF), the current ROCE % is 8.12% as of Mar. 2026. 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.

Gulf Development PCL Business Description

Other Exchanges GULF-F:Thailand
Address Wireless Road, 87 M. Thai Tower 11th Floor, All Seasons Place, Lumpini, Pathumwan, Bangkok, THA, 10330
Gulf Development PCL is a Thailand-based company mainly involved in the electricity-generating business. The group's principal operations are to generate and sell electricity and steam, store and convert natural gas from liquid to gas, provide satellite services, and operate other businesses in domestic and international markets. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. The group's reportable segments are: Power business (which generates maximum revenue), Consulting business, Infrastructure business, and Satellite and digital business. Geographically, it derives maximum revenue from Thailand.
15GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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