Phol Dhanya PCL (BKK:PHOL) ROCE % : 18.62% (As of Mar. 2024)

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What is Phol Dhanya 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. Phol Dhanya PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.62%.

Phol Dhanya PCL ROCE % Historical Data

The historical data trend for Phol Dhanya 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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Phol Dhanya PCL ROCE % Chart

Phol Dhanya PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.26

25.69

27.47

18.17

18.93

Phol Dhanya PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.25	16.51	18.37	22.83	18.62

Phol Dhanya PCL ROCE % Calculation

Phol Dhanya 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 )
	=	76.294	/	( ( (638.819 - 241.893)	+	(643.388 - 234.392) )	/ 2 )
	=	76.294	/	( (396.926	+	408.996)	/ 2 )
	=	76.294	/	402.961
	=	18.93 %

Phol Dhanya 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 )
	=	77.668	/	( ( (643.388 - 234.392)	+	(645.372 - 219.962) )	/ 2 )
	=	77.668	/	( ( 408.996	+	425.41 )	/ 2 )
	=	77.668	/	417.203
	=	18.62 %

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

Phol Dhanya PCL (BKK:PHOL) 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.

Phol Dhanya PCL ROCE % Related Terms

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Phol Dhanya PCL (BKK:PHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Phol Dhanya PCL (BKK:PHOL) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

1/11 Moo 3 Lamlukka Road, Tambol Ladsawai, Amphur Lamlukka, Pathumthani, THA, 12150

Website

https://www.pdgth.com

Phol Dhanya PCL is a Thailand-based company engaged in the trading business. It is involved in the distribution of safety, health, and environmental products, and the distribution, production, and servicing of water treatment systems. The operating segments of the group are Trading in Health and Safety Products, Water treatment systems, and Water supply systems for villages. It generates the majority of the revenue from the Trading in Health and Safety Products segment. The company offers products like firefighting suits, gas meters, fall protection devices, gloves, dust masks and chemical masks, and other related products. The group operates in Thailand, and internationally of which the majority of the revenue is derived from Thailand.

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