Ngern Tid Lor PCL (BKK:TIDLOR) ROCE % : 12.91% (As of Mar. 2024)

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What is Ngern Tid Lor 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. Ngern Tid Lor PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.91%.

Ngern Tid Lor PCL ROCE % Historical Data

The historical data trend for Ngern Tid Lor 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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Ngern Tid Lor PCL ROCE % Chart

Ngern Tid Lor PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.27

11.23

10.82

11.98

12.76

Ngern Tid Lor PCL Quarterly Data
	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial													11.42	11.17	11.53	14.88	12.91

Ngern Tid Lor PCL ROCE % Calculation

Ngern Tid Lor 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 )
	=	8105.255	/	( ( (84727.049 - 22601.192)	+	(100147.935 - 35246.187) )	/ 2 )
	=	8105.255	/	( (62125.857	+	64901.748)	/ 2 )
	=	8105.255	/	63513.8025
	=	12.76 %

Ngern Tid Lor 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 )
	=	8732.708	/	( ( (100147.935 - 35246.187)	+	(103824.916 - 33469.278) )	/ 2 )
	=	8732.708	/	( ( 64901.748	+	70355.638 )	/ 2 )
	=	8732.708	/	67628.693
	=	12.91 %

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

Ngern Tid Lor PCL (BKK:TIDLOR) 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.

Ngern Tid Lor PCL ROCE % Related Terms

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Ngern Tid Lor PCL (BKK:TIDLOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ngern Tid Lor PCL (BKK:TIDLOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

70V0:Germany

Address

428 Ari Hills Building, Phaholyothin Road, 9th - 15th Floor, Samsen Nai Subdistrict, Phaya Thai District, Bangkok, THA, 10400

Website

https://www.ngerntidlor.com

Ngern Tid Lor PCL provides loans and hires purchases for all types of vehicles, non-life insurance brokers, and life insurance brokers. The company's segment includes Non-life insurance broker and Hire-purchase and lending services. It generates maximum revenue from the Hire-purchase and lending services segment.

Ngern Tid Lor PCL (BKK:TIDLOR) Headlines

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