Thai Auto Tools and Die PCL (BKK:TATG) ROCE % : 7.06% (As of Dec. 2024)

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What is Thai Auto Tools and Die 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 Auto Tools and Die PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 7.06%.

Thai Auto Tools and Die PCL ROCE % Historical Data

The historical data trend for Thai Auto Tools and Die 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 Auto Tools and Die PCL ROCE % Chart

Thai Auto Tools and Die PCL Annual Data

Trend

Dec22

Dec23

Dec24

ROCE %

11.76

7.17

9.35

Thai Auto Tools and Die PCL Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	-	2.40	12.47	11.94	7.06

Thai Auto Tools and Die PCL ROCE % Calculation

Thai Auto Tools and Die 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 )
	=	128.703	/	( ( (2215.865 - 851.802)	+	(2256.425 - 868.34) )	/ 2 )
	=	128.703	/	( (1364.063	+	1388.085)	/ 2 )
	=	128.703	/	1376.074
	=	9.35 %

Thai Auto Tools and Die 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: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	96.222	/	( ( (2229.74 - 893.564)	+	(2256.425 - 868.34) )	/ 2 )
	=	96.222	/	( ( 1336.176	+	1388.085 )	/ 2 )
	=	96.222	/	1362.1305
	=	7.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Thai Auto Tools and Die PCL (BKK:TATG) 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 Auto Tools and Die PCL ROCE % Related Terms

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Thai Auto Tools and Die PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Auto Tools and Die PCL (BKK:TATG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

45/6, 45/9 Village No. 11, Khu Bang Luang Subdistrict, Lat Lum Kaeo District, Pathum Thani Province, Bangkok, THA, 12140

Website

https://www.thaiautotools.co.th

Thai Auto Tools and Die PCL is engaged in designing and manufacturing tools for the automotive industry (Tooling) including Stamping Dies, Checking Fixtures, and Assembly Jigs, and manufacture Automotive press parts.

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