Porn Prom Metal PCL (BKK:PPM) ROCE % : 19.23% (As of Mar. 2024)

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What is Porn Prom Metal 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. Porn Prom Metal PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.23%.

Porn Prom Metal PCL ROCE % Historical Data

The historical data trend for Porn Prom Metal 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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Porn Prom Metal PCL ROCE % Chart

Porn Prom Metal PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.06

-0.71

14.87

3.76

20.31

Porn Prom Metal 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															3.60	27.48	21.02	28.76	19.23

Porn Prom Metal PCL ROCE % Calculation

Porn Prom Metal 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 )
	=	235.078	/	( ( (1989.476 - 980.954)	+	(2107.269 - 800.706) )	/ 2 )
	=	235.078	/	( (1008.522	+	1306.563)	/ 2 )
	=	235.078	/	1157.5425
	=	20.31 %

Porn Prom Metal 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 )
	=	258.604	/	( ( (2107.269 - 800.706)	+	(2108.463 - 725.107) )	/ 2 )
	=	258.604	/	( ( 1306.563	+	1383.356 )	/ 2 )
	=	258.604	/	1344.9595
	=	19.23 %

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

Porn Prom Metal PCL (BKK:PPM) 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.

Porn Prom Metal PCL ROCE % Related Terms

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Porn Prom Metal PCL (BKK:PPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Porn Prom Metal PCL (BKK:PPM) » Definitions » ROCE %

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N/A

Address

229 Nakornratchasima Road, Dusit, Bangkok, THA, 10300

Website

http://www.ppm.co.th

Porn Prom Metal PCL is a Thailand based company involved in distributing metal products such as brass, copper, stainless, aluminum and hotel and restaurant and entertainment center (Community mall). It has three principal segments: Sales of raw material for industry, production, and sales of flexible packaging and provide service for design, supply, and installation of electricity by using alternative energy and assemble solar cells for export; and sales of construction material; and sales of solar roofs. The company and its subsidiaries have operations in Thailand.

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