Thai Cane Paper Public Company Limited (BKK:TCP) ROCE % : 13.63% (As of Sep. 2013)

View and export this data going back to . Start your Free Trial

What is Thai Cane Paper Public Company Limited 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 Cane Paper Public Company Limited's annualized ROCE % for the quarter that ended in Sep. 2013 was 13.63%.

Thai Cane Paper Public Company Limited ROCE % Historical Data

The historical data trend for Thai Cane Paper Public Company Limited'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.

* Premium members only.

Thai Cane Paper Public Company Limited ROCE % Chart

Thai Cane Paper Public Company Limited Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROCE %

Get a 7-Day Free Trial

-1.27

5.07

6.95

6.06

11.28

Thai Cane Paper Public Company Limited Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
ROCE %	Get a 7-Day Free Trial											13.96	12.05	17.20	11.62	13.63

Thai Cane Paper Public Company Limited ROCE % Calculation

Thai Cane Paper Public Company Limited's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	649.376	/	( ( (6408.718 - 695.857)	+	(6514.682 - 718.617) )	/ 2 )
	=	649.376	/	( (5712.861	+	5796.065)	/ 2 )
	=	649.376	/	5754.463
	=	11.28 %

Thai Cane Paper Public Company Limited's ROCE % of for the quarter that ended in Sep. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2013 )		(Q: Jun. 2013 )		(Q: Sep. 2013 )
	=	794.612	/	( ( (6494.672 - 721.135)	+	(6614 - 728.438) )	/ 2 )
	=	794.612	/	( ( 5773.537	+	5885.562 )	/ 2 )
	=	794.612	/	5829.5495
	=	13.63 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2013) EBIT data.

Thai Cane Paper Public Company Limited (BKK:TCP) 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 Cane Paper Public Company Limited ROCE % Related Terms

Thank you for viewing the detailed overview of Thai Cane Paper Public Company Limited's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Cane Paper Public Company Limited (BKK:TCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Thai Cane Paper Public Company Limited (BKK:TCP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Website

http://www.thaicane.com

Thai Cane Paper Public Company Limited manufactures and sells kraft paper used in the manufacture of packaging, such as corrugated box, paper cement bags, envelopes and core paper in Thailand. The Company's products are categorized into two groups i.e. kraft liner board which is used in making packaging surfaces and kraft paper which is used for making corrugated medium. The Company offers numerous grade of products to meet the diverse market demand.