More Return PCL (BKK:MORE) ROCE % : 2.20% (As of Mar. 2024)

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What is More Return 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. More Return PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.20%.

More Return PCL ROCE % Historical Data

The historical data trend for More Return 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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More Return PCL ROCE % Chart

More Return PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.34

-14.50

132.09

1.10

-13.75

More Return 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															-0.17	-0.15	-0.85	-55.94	2.20

More Return PCL ROCE % Calculation

More Return 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 )
	=	-224.996	/	( ( (2002.2 - 120.798)	+	(1485.837 - 93.784) )	/ 2 )
	=	-224.996	/	( (1881.402	+	1392.053)	/ 2 )
	=	-224.996	/	1636.7275
	=	-13.75 %

More Return 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 )
	=	30.44	/	( ( (1485.837 - 93.784)	+	(1451.522 - 77.124) )	/ 2 )
	=	30.44	/	( ( 1392.053	+	1374.398 )	/ 2 )
	=	30.44	/	1383.2255
	=	2.20 %

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

More Return PCL (BKK:MORE) 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.

More Return PCL ROCE % Related Terms

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More Return PCL (BKK:MORE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » More Return PCL (BKK:MORE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vibhavadi Rangsit Road, Chatuchak Sub-district,, 222/148-150, Baan Suan Chatuchak Condominium, Soi Vibhavadi Rangsit 17, Chatuchak District, Bangkok, THA, 10900

Website

https://www.morereturn.co.th

More Return PCL is engaged in trading of equipment of the energy-saving business. It operates only in Thailand. It operates in three segments. The Service segment looks after all recover kind of battery and manages human. The utilities segment is responsible for producing and selling clean water on Samed Island. The Trading segment engages in the distribution of pyrolusite.

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