Thai Nondestructive Testing PCL (BKK:TNDT) ROCE % : -188.26% (As of Dec. 2024)

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What is Thai Nondestructive Testing 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 Nondestructive Testing PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was -188.26%.

Thai Nondestructive Testing PCL ROCE % Historical Data

The historical data trend for Thai Nondestructive Testing 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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Thai Nondestructive Testing PCL ROCE % Chart

Thai Nondestructive Testing PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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11.54

10.38

-3.54

-57.81

-69.51

Thai Nondestructive Testing PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-254.74	5.98	5.30	-42.79	-188.26

Thai Nondestructive Testing PCL ROCE % Calculation

Thai Nondestructive Testing PCL's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-250.705	/	( ( (761.438 - 400.96)	+	(749.563 - 388.688) )	/ 2 )
	=	-250.705	/	( (360.478	+	360.875)	/ 2 )
	=	-250.705	/	360.6765
	=	-69.51 %

Thai Nondestructive Testing PCL's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-858.756	/	( ( (918.334 - 366.902)	+	(749.563 - 388.688) )	/ 2 )
	=	-858.756	/	( ( 551.432	+	360.875 )	/ 2 )
	=	-858.756	/	456.1535
	=	-188.26 %

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

Thai Nondestructive Testing PCL (BKK:TNDT) 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.

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Thai Nondestructive Testing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thai Nondestructive Testing PCL (BKK:TNDT) » Definitions » ROCE %

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TNDT-R:Thailand

Address

Ramkhamhaeng Road, 19 Soi Ramkhamhaeng 60 Intersection 8 (Suanson 8, Huamark, Bangkapi, Bangkok, THA, 10240

Website

https://www.tndt.co.th

Thai Nondestructive Testing PCL engages in providing technical services and operates engineering inspection and testing through non-destructive techniques. It operates in the segments of nondestructive testing services; inspection services for pressure vessel; Electron Beam; Solar PV Rooftop; Contractor service relating to solar PV rooftop system and Revenue from selling. Its Non-Destructive Testing Services segment which earns majority revenue provides conventional testing services, which are applied to pressure vessels, heat exchangers, boilers, piping and structures in the fields of oil refineries, power plants, petrochemical plants, ship buildings, offshore, bridges and building constructions, and other heavy industries.

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