Harn Engineering Solutions PCL (BKK:HARN) ROCE % : 7.38% (As of Dec. 2024)

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What is Harn Engineering Solutions 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. Harn Engineering Solutions PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.38%.

Harn Engineering Solutions PCL ROCE % Historical Data

The historical data trend for Harn Engineering Solutions 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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Harn Engineering Solutions PCL ROCE % Chart

Harn Engineering Solutions PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.58

6.31

7.75

9.67

7.47

Harn Engineering Solutions PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															10.58	5.78	6.02	10.91	7.38

Harn Engineering Solutions PCL ROCE % Calculation

Harn Engineering Solutions PCL's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	114.132	/	( ( (1754.014 - 239.761)	+	(1799.748 - 256.989) )	/ 2 )
	=	114.132	/	( (1514.253	+	1542.759)	/ 2 )
	=	114.132	/	1528.506
	=	7.47 %

Harn Engineering Solutions PCL's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	113.172	/	( ( (1792.961 - 268.884)	+	(1799.748 - 256.989) )	/ 2 )
	=	113.172	/	( ( 1524.077	+	1542.759 )	/ 2 )
	=	113.172	/	1533.418
	=	7.38 %

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

Harn Engineering Solutions PCL (BKK:HARN) 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.

Harn Engineering Solutions PCL ROCE % Related Terms

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Harn Engineering Solutions PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Harn Engineering Solutions PCL (BKK:HARN) » Definitions » ROCE %

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HARN-R:Thailand

Address

559 Soi Soonvijai 4, Rama 9 Road, Bangkapi, Huaykwang, Bangkok, THA, 10310

Website

https://www.harn.co.th

Harn Engineering Solutions PCL is engaged in wholesaling, retailing, repairing, renting, leasing, contracting, and installing fire protection systems and fire suppression agents, trading cold storage devices, trading, repairing, and renting printing equipment. The company operates in five segments namely, Fire protection products and project segment which contributes a majority part of revenue, Sanitary and Air-Conditioning System, Refrigeration System, Digital printing system, and Building-IoT Solutions segment.

Harn Engineering Solutions PCL Headlines

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