Thai Eastern Group Holdings PCL (BKK:TEGH) ROCE % : 12.19% (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Thai Eastern Group Holdings 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 Eastern Group Holdings PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.19%.

Thai Eastern Group Holdings PCL ROCE % Historical Data

The historical data trend for Thai Eastern Group Holdings 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.

* Premium members only.

Thai Eastern Group Holdings PCL ROCE % Chart

Thai Eastern Group Holdings PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

8.12

29.72

23.94

8.80

Thai Eastern Group Holdings PCL Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								13.64	2.99	8.24	10.67	12.19

Thai Eastern Group Holdings PCL ROCE % Calculation

Thai Eastern Group Holdings 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 )
	=	356.647	/	( ( (6938.095 - 2840.674)	+	(7409.507 - 3405.793) )	/ 2 )
	=	356.647	/	( (4097.421	+	4003.714)	/ 2 )
	=	356.647	/	4050.5675
	=	8.80 %

Thai Eastern Group Holdings 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 )
	=	486.956	/	( ( (7409.507 - 3405.793)	+	(7955.908 - 3969.457) )	/ 2 )
	=	486.956	/	( ( 4003.714	+	3986.451 )	/ 2 )
	=	486.956	/	3995.0825
	=	12.19 %

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

Thai Eastern Group Holdings PCL (BKK:TEGH) 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 Eastern Group Holdings PCL ROCE % Related Terms

Thank you for viewing the detailed overview of Thai Eastern Group Holdings PCL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Eastern Group Holdings PCL (BKK:TEGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Eastern Group Holdings PCL (BKK:TEGH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chonburi-Klaeng Road, 171 Moo 2, Khao Sok Subdistrict, Nong Yai District, Chonburi, THA, 20190

Website

https://www.thaieasterngroup.com

Thai Eastern Group Holdings PCL is engaged in the investment in equity securities and the provision of management services. The subsidiaries are principally engaged in the manufacture and distribution of block rubber, concentrated latex, palm oil, palm seed oil, electricity and biogas, including treatment services of organic waste disposal. The company operates in four reportable segment Block rubber and concentrated latex, Crude palm oil, Energy, and Other. The majority of revenue is derived from the Block rubber and concentrated latex segment.

Thai Eastern Group Holdings PCL (BKK:TEGH) Headlines

No Headlines