Pioneer Motor PCL (BKK:PIMO) ROCE % : 8.25% (As of Dec. 2023)

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What is Pioneer Motor 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. Pioneer Motor PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.25%.

Pioneer Motor PCL ROCE % Historical Data

The historical data trend for Pioneer Motor 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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Pioneer Motor PCL ROCE % Chart

Pioneer Motor PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.85

15.50

19.73

15.07

7.98

Pioneer Motor PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.02	6.75	7.94	8.01	8.25

Pioneer Motor PCL ROCE % Calculation

Pioneer Motor 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 )
	=	78.026	/	( ( (1112.614 - 233.888)	+	(1274.584 - 198.575) )	/ 2 )
	=	78.026	/	( (878.726	+	1076.009)	/ 2 )
	=	78.026	/	977.3675
	=	7.98 %

Pioneer Motor PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	87.928	/	( ( (1273.689 - 217.829)	+	(1274.584 - 198.575) )	/ 2 )
	=	87.928	/	( ( 1055.86	+	1076.009 )	/ 2 )
	=	87.928	/	1065.9345
	=	8.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Pioneer Motor PCL (BKK:PIMO) 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.

Pioneer Motor PCL ROCE % Related Terms

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Pioneer Motor PCL (BKK:PIMO) Business Description

Industry

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Address

78, 78/4, 78/5 Moo 3 Dontoom-Nakornchaisri Road, Donfaek, Nakornchaisri, Nakornpathom, THA, 73120

Website

https://www.pioneermotor.th.com

Pioneer Motor PCL is a Thailand-based company engaged in manufacturing and supplying various motor products. The company's products include air conditioner electric motors, general-purpose industrial motors, single and three-phase induction motors, pool and spa pump motors, as well as submersible dewatering and submersible sewage pumps. It distributes its products according to orders by electric appliance manufacturers. It also exports and sells its products to international customers.

Pioneer Motor PCL (BKK:PIMO) Headlines

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