Thai Industrial Fund 1 (BKK:TIF1) ROCE % : 6.65% (As of Dec. 2023)

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What is Thai Industrial Fund 1 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 Industrial Fund 1's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.65%.

Thai Industrial Fund 1 ROCE % Historical Data

The historical data trend for Thai Industrial Fund 1'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 Industrial Fund 1 ROCE % Chart

Thai Industrial Fund 1 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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5.90

5.89

6.30

4.96

4.74

Thai Industrial Fund 1 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.21	3.22	3.89	4.33	6.65

Thai Industrial Fund 1 ROCE % Calculation

Thai Industrial Fund 1's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	46.475	/	( ( (1008.977 - 28.146)	+	(1005.464 - 24.916) )	/ 2 )
	=	46.475	/	( (980.831	+	980.548)	/ 2 )
	=	46.475	/	980.6895
	=	4.74 %

Thai Industrial Fund 1's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	66.156	/	( ( (1004.714 - 28.069)	+	(1014.582 - 2.634) )	/ 2 )
	=	66.156	/	( ( 976.645	+	1011.948 )	/ 2 )
	=	66.156	/	994.2965
	=	6.65 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Thai Industrial Fund 1 (BKK:TIF1) 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 Industrial Fund 1 ROCE % Related Terms

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Thai Industrial Fund 1 (BKK:TIF1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Thai Industrial Fund 1 (BKK:TIF1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama 1 Road, Floor 9th, 24th, No. 989 Siam Piwat Tower, Patumwan District, Bangkok, THA, 10330

Website

https://www.one-asset.com

Thai Industrial Fund 1 is an asset management company. The objective of the fund is to raise funds from general investors and to use the proceeds from such fundraising for the purchase and/or lease of immovable properties or property lease rights. It invests in land and factory buildings, industrial parks, and industrial promotion zone in Thailand.

Thai Industrial Fund 1 (BKK:TIF1) Headlines

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