PM Thoresen Asia Holdings PCL (BKK:PMTA-R) ROCE % : 3.67% (As of Mar. 2024)

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What is PM Thoresen Asia Holdings 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. PM Thoresen Asia Holdings PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.67%.

PM Thoresen Asia Holdings PCL ROCE % Historical Data

The historical data trend for PM Thoresen Asia Holdings 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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PM Thoresen Asia Holdings PCL ROCE % Chart

PM Thoresen Asia Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.21

9.51

11.00

7.50

7.43

PM Thoresen Asia Holdings 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															-5.54	4.05	11.32	19.83	3.67

PM Thoresen Asia Holdings PCL ROCE % Calculation

PM Thoresen Asia Holdings 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 )
	=	133.492	/	( ( (2807.771 - 987.141)	+	(2501.226 - 728.433) )	/ 2 )
	=	133.492	/	( (1820.63	+	1772.793)	/ 2 )
	=	133.492	/	1796.7115
	=	7.43 %

PM Thoresen Asia Holdings 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 )
	=	66.744	/	( ( (2501.226 - 728.433)	+	(2600.107 - 734.264) )	/ 2 )
	=	66.744	/	( ( 1772.793	+	1865.843 )	/ 2 )
	=	66.744	/	1819.318
	=	3.67 %

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

PM Thoresen Asia Holdings PCL (BKK:PMTA-R) 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.

PM Thoresen Asia Holdings PCL ROCE % Related Terms

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PM Thoresen Asia Holdings PCL (BKK:PMTA-R) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PM Thoresen Asia Holdings PCL (BKK:PMTA-R) » Definitions » ROCE %

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PMTA:Thailand

Address

Soi Chidlom, Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Lumpinee, Pathumwan, Bangkok, THA, 10330

Website

https://www.pmthoresenasia.com

PM Thoresen Asia Holdings PCL is a Thailand-based investment holding company. The primary activities of the company and its subsidiaries include the manufacture of nitrogen-phosphorus-potassium (NPK) synthesized chemical and micro-element fertilizers, distribution of new seeds and agricultural materials, as well as manufacture, import, and export of plant protection chemicals and macronutrient products. It has two products segments: Manufacture of Fertilizer and crop care products and Factory area management services. The company earns majority of its revenue through the manufacture of fertilizer and crop care products. It has a business presence in Vietnam and other countries.

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