i-Tail PCL (BKK:ITC) ROCE % : 13.86% (As of Mar. 2024)

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What is i-Tail 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. i-Tail PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.86%.

i-Tail PCL ROCE % Historical Data

The historical data trend for i-Tail 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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i-Tail PCL ROCE % Chart

i-Tail PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

20.69

13.35

32.25

10.30

i-Tail PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							7.83	7.61	11.92	14.54	13.86

i-Tail PCL ROCE % Calculation

i-Tail 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 )
	=	2417.355	/	( ( (25749.587 - 2526.964)	+	(25431.251 - 1710.411) )	/ 2 )
	=	2417.355	/	( (23222.623	+	23720.84)	/ 2 )
	=	2417.355	/	23471.7315
	=	10.30 %

i-Tail 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 )
	=	3321.624	/	( ( (25431.251 - 1710.411)	+	(26375.218 - 2182.101) )	/ 2 )
	=	3321.624	/	( ( 23720.84	+	24193.117 )	/ 2 )
	=	3321.624	/	23956.9785
	=	13.86 %

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

i-Tail PCL (BKK:ITC) 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.

i-Tail PCL ROCE % Related Terms

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i-Tail PCL (BKK:ITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » i-Tail Corp PCL (BKK:ITC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phaholyothin Road, 979/92-94, 29th Floor, S.M. Tower, Phayathai Sub-district, Phayathai District, Bangkok, THA, 10400

Website

https://www.i-tail.com

i-Tail Corp PCL is a manufacturer and distributor of pet food and other pet care related businesses. The Group has three reportable segments: Pet food, Ambient seafood and value-added, and Others. The majority of the revenue is generated from the Pet food segment.