Prima Marine PCL (BKK:PRM) ROCE % : 15.58% (As of Mar. 2024)

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What is Prima Marine 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. Prima Marine PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.58%.

Prima Marine PCL ROCE % Historical Data

The historical data trend for Prima Marine 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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Prima Marine PCL ROCE % Chart

Prima Marine PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.22

18.50

14.52

16.99

15.18

Prima Marine 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															16.89	14.14	9.61	20.05	15.58

Prima Marine PCL ROCE % Calculation

Prima Marine 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 )
	=	2712.987	/	( ( (20575.281 - 2646.111)	+	(20715.997 - 2892.571) )	/ 2 )
	=	2712.987	/	( (17929.17	+	17823.426)	/ 2 )
	=	2712.987	/	17876.298
	=	15.18 %

Prima Marine 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 )
	=	2862.28	/	( ( (20715.997 - 2892.571)	+	(22624.779 - 3696.918) )	/ 2 )
	=	2862.28	/	( ( 17823.426	+	18927.861 )	/ 2 )
	=	2862.28	/	18375.6435
	=	15.58 %

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

Prima Marine PCL (BKK:PRM) 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.

Prima Marine PCL ROCE % Related Terms

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Prima Marine PCL (BKK:PRM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prima Marine PCL (BKK:PRM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Soi Bangna-Trad 30, Debaratna Road, South Bangna Sub-district, Bangna District, Bangkok, THA, 10260

Website

https://www.primamarine.co.th

Prima Marine PCL is involved in the marine transportation of petroleum products and accommodation work barges. The business activities of the group have functioned through four business segments namely Sea transportation of petroleum and chemical products; Storage of petroleum products; Supporting exploration and production of offshore petroleum products by sending staff and exploration equipment from one place to another place and accommodation service; and Ship management, recruitment, and transportation services for crews. Geographically, the activities of the group are carried out through Thailand and Singapore.