T.Krungthai Industries PCL (BKK:TKT) ROCE % : -2.08% (As of Mar. 2024)

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What is T.Krungthai Industries 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. T.Krungthai Industries PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -2.08%.

T.Krungthai Industries PCL ROCE % Historical Data

The historical data trend for T.Krungthai Industries 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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T.Krungthai Industries PCL ROCE % Chart

T.Krungthai Industries PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.94

-2.73

7.08

7.39

-1.07

T.Krungthai Industries PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.11	-6.69	-3.94	3.06	-2.08

T.Krungthai Industries PCL ROCE % Calculation

T.Krungthai Industries 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 )
	=	-7.539	/	( ( (1325.337 - 624.935)	+	(1179.874 - 476.236) )	/ 2 )
	=	-7.539	/	( (700.402	+	703.638)	/ 2 )
	=	-7.539	/	702.02
	=	-1.07 %

T.Krungthai Industries 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 )
	=	-14.552	/	( ( (1179.874 - 476.236)	+	(1148.14 - 451.815) )	/ 2 )
	=	-14.552	/	( ( 703.638	+	696.325 )	/ 2 )
	=	-14.552	/	699.9815
	=	-2.08 %

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

T.Krungthai Industries PCL (BKK:TKT) 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.

T.Krungthai Industries PCL ROCE % Related Terms

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T.Krungthai Industries PCL (BKK:TKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » T.Krungthai Industries PCL (BKK:TKT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Soi Chan 43, Yaek 21, Chan Road, Tungwatdon, Sathorn, Bangkok, THA, 10120

Website

http://www.tkrungthai.com

T.Krungthai Industries PCL is engaged in the manufacturing and distribution of plastic products as well as molds design, molds production and molds repairing. It offers automotive parts and electrical parts such as dashboard components or trims, grillers, wheel covers, mudguards or flaps, engine covers, radiator supports, external and internal parts of refrigerators. Geographically the group has a business presence in Thailand, South Africa, China, Argentina, India, Vietnam and Italy of which a majority of revenue is derived from Thailand.

T.Krungthai Industries PCL (BKK:TKT) Headlines

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