Maybank Securities (Thailand) PCL (BKK:MST) ROCE % : 14.22% (As of Sep. 2024)

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What is Maybank Securities (Thailand) 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. Maybank Securities (Thailand) PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.22%.

Maybank Securities (Thailand) PCL ROCE % Historical Data

The historical data trend for Maybank Securities (Thailand) 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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Maybank Securities (Thailand) PCL ROCE % Chart

Maybank Securities (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.48

9.57

14.16

19.05

16.68

Maybank Securities (Thailand) PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															14.41	8.67	21.90	9.48	14.22

Maybank Securities (Thailand) PCL ROCE % Calculation

Maybank Securities (Thailand) 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 )
	=	933.21	/	( ( (24227.547 - 18540.426)	+	(19998.501 - 14497.451) )	/ 2 )
	=	933.21	/	( (5687.121	+	5501.05)	/ 2 )
	=	933.21	/	5594.0855
	=	16.68 %

Maybank Securities (Thailand) PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	1150.156	/	( ( (19054.648 - 10954.663)	+	(18462.538 - 10381.641) )	/ 2 )
	=	1150.156	/	( ( 8099.985	+	8080.897 )	/ 2 )
	=	1150.156	/	8090.441
	=	14.22 %

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

Maybank Securities (Thailand) PCL (BKK:MST) 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.

Maybank Securities (Thailand) PCL ROCE % Related Terms

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Maybank Securities (Thailand) PCL Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Maybank Securities (Thailand) PCL (BKK:MST) » Definitions » ROCE %

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Traded in Other Exchanges

MST-R:Thailand

Address

Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan Sub-District, Pathumwan District, Bangkok, THA, 10330

Website

https://www.maybank-ke.co.th

Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing, and lending and corporate finance advisory services.