Mitsib Leasing PCL (BKK:MITSIB) ROCE % : 6.85% (As of Dec. 2024)

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What is Mitsib Leasing 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. Mitsib Leasing PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.85%.

Mitsib Leasing PCL ROCE % Historical Data

The historical data trend for Mitsib Leasing 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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Mitsib Leasing PCL ROCE % Chart

Mitsib Leasing PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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6.41

4.41

5.26

8.72

6.34

Mitsib Leasing 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															7.23	10.66	4.24	4.18	6.85

Mitsib Leasing PCL ROCE % Calculation

Mitsib Leasing 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 )
	=	77.003	/	( ( (1890.091 - 846.833)	+	(2087.875 - 703.667) )	/ 2 )
	=	77.003	/	( (1043.258	+	1384.208)	/ 2 )
	=	77.003	/	1213.733
	=	6.34 %

Mitsib Leasing 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 )
	=	91.868	/	( ( (2099.364 - 802.25)	+	(2087.875 - 703.667) )	/ 2 )
	=	91.868	/	( ( 1297.114	+	1384.208 )	/ 2 )
	=	91.868	/	1340.661
	=	6.85 %

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

Mitsib Leasing PCL (BKK:MITSIB) 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.

Mitsib Leasing PCL ROCE % Related Terms

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Mitsib Leasing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsib Leasing PCL (BKK:MITSIB) » Definitions » ROCE %

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MITSIB-R:Thailand

Address

No. 895-6 Moo 5, Srinakarin Road, Samrong Nuea, Mueang Samutprakan, Samut Prakan, Bangkok, THA, 10270

Website

https://www.mitsibleasing.com

Mitsib Leasing PCL is engaged in providing finance services in hire-purchase and factoring. The principal activities of the group are the sale of cars and providing maintenance services for public transportation and providing finance services to retail customers. The company has four segments: Sale of cars, Factoring, Purchase, and Other Lending. The company derives the majority of its revenue from the sale of cars segment.

Mitsib Leasing PCL Headlines

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