NL Development PCL (BKK:NL) ROCE %: -2.32% (As of Mar. 2026)


BKK:NL NL Development PCL BKK:NL
17 GF Score
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What is NL Development PCL ROCE %?

NL Development PCL BKK:NL +1.45% 17 ROCE % is -2.32% as of Mar. 2026. GuruFocus rates BKK:NL with a GF Score™ of 17/100. The stock has 2 warning signs investors should review.

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. NL Development PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was -2.32%.

NL Development PCL  (BKK:NL) 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.

NL Development PCL ROCE % Related Terms

NL Development PCL ROCE % Historical Data

* Premium members only.

The historical data trend for NL Development 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.

NL Development PCL ROCE % Chart

NL Development PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
10.69 10.59 25.05 1.51 -1.63

NL Development PCL Quarterly Data
Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.97 -9.01 -3.70 3.11 -2.32
BKK:NL
17GF Score
NL Development PCL BKK:NL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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NL Development PCL ROCE % Calculation

NL Development PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-14.694/( ( (1490.818 - 568.541) + (1374.985 - 498.238) )/ 2 )
=-14.694/( (922.277+876.747)/ 2 )
=-14.694/899.512
=-1.63 %

NL Development PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-20.244/( ( (1374.985 - 498.238) + (1371.376 - 506.054) )/ 2 )
=-20.244/( ( 876.747 + 865.322 )/ 2 )
=-20.244/871.0345
=-2.32 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -2.32% mean?
NL Development PCL (BKK:NL) has a ROCE % of -2.32% as of Mar. 2026.
Is NL Development PCL's ROCE % too high?
NL Development PCL's current ROCE % is -2.32%. Overall, NL Development PCL has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does NL Development PCL's ROCE % compare to PWR and FIX?
NL Development PCL's ROCE % of -2.32% can be compared against companies in the Construction industry. The industry median ROCE % is 8.22. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Construction company?
The median ROCE % among Construction companies is 8.22, based on 1,754 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Construction industry, the median ROCE % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NL Development PCL's current ROCE % is -2.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NL Development PCL stock overvalued right now?
NL Development PCL (BKK:NL) has a current ROCE % of -2.32%. The current ROCE % is -2.32%. NL Development PCL's overall GF Score™ is 17/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For NL Development PCL (BKK:NL), the current ROCE % is -2.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

NL Development PCL Business Description

Address 417 Ratchawithi Road, Bang Phlat District, Bangkok, THA, 10700
NL Development PCL is engaged in business of contractor and general construction. It provides surveying, design, and construction services for all types of buildings, including the installation of various engineering systems and public infrastructure construction.
17GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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