Thai Agro Energy PCL (BKK:TAE) ROCE % : 1.19% (As of Dec. 2024)

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What is Thai Agro Energy 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. Thai Agro Energy PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.19%.

Thai Agro Energy PCL ROCE % Historical Data

The historical data trend for Thai Agro Energy 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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Thai Agro Energy PCL ROCE % Chart

Thai Agro Energy PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.10

-1.65

-2.13

5.57

5.01

Thai Agro Energy PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															0.31	2.62	10.53	5.77	1.19

Thai Agro Energy PCL ROCE % Calculation

Thai Agro Energy PCL's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	92.357	/	( ( (3091.94 - 1210.766)	+	(2900.681 - 1096.105) )	/ 2 )
	=	92.357	/	( (1881.174	+	1804.576)	/ 2 )
	=	92.357	/	1842.875
	=	5.01 %

Thai Agro Energy PCL's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	21.464	/	( ( (2832.292 - 1017.444)	+	(2900.681 - 1096.105) )	/ 2 )
	=	21.464	/	( ( 1814.848	+	1804.576 )	/ 2 )
	=	21.464	/	1809.712
	=	1.19 %

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

Thai Agro Energy PCL (BKK:TAE) 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.

Thai Agro Energy PCL ROCE % Related Terms

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Thai Agro Energy PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Agro Energy PCL (BKK:TAE) » Definitions » ROCE %

Traded in Other Exchanges

TAE-R:Thailand

Address

Ploenchit Road, 888/114, Mahatun Plaza Building, 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.thaiagroenergy.com

Thai Agro Energy PCL is an ethanol producer. The company is engaged in the production and distribution of ethanol out of its Thailand-based plants located across multiple states. It sells ethanol to various oil companies as an additive for gasohol production while generating majority of its revenues from the Thailand market. The Company has two reportable segments, which consist of ethanol segment and soil conditioner segment.

Thai Agro Energy PCL Headlines

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