Thai Nam Plastic PCL (BKK:TNPC) ROCE % : 0.01% (As of Dec. 2023)

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What is Thai Nam Plastic 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 Nam Plastic PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.01%.

Thai Nam Plastic PCL ROCE % Historical Data

The historical data trend for Thai Nam Plastic 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 Nam Plastic PCL ROCE % Chart

Thai Nam Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.80

3.39

15.58

2.60

8.09

Thai Nam Plastic PCL 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															-17.53	-5.13	16.23	21.75	0.01

Thai Nam Plastic PCL ROCE % Calculation

Thai Nam Plastic 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 )
	=	64.628	/	( ( (1282.95 - 478.285)	+	(1286.754 - 492.741) )	/ 2 )
	=	64.628	/	( (804.665	+	794.013)	/ 2 )
	=	64.628	/	799.339
	=	8.09 %

Thai Nam Plastic PCL'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 )
	=	0.088	/	( ( (1319.356 - 524.982)	+	(1286.754 - 492.741) )	/ 2 )
	=	0.088	/	( ( 794.374	+	794.013 )	/ 2 )
	=	0.088	/	794.1935
	=	0.01 %

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

Thai Nam Plastic PCL (BKK:TNPC) 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 Nam Plastic PCL ROCE % Related Terms

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Thai Nam Plastic PCL (BKK:TNPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Nam Plastic PCL (BKK:TNPC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

40 Moo 7, Petchakasem Road, KM.23, Omnoi, Kratumban, Samutsakorn, THA, 74130

Website

https://www.thainam.com

Thai Nam Plastic PCL engages in the production and distribution of flexible plastic, synthetic leather, and car mat. The company produces both Polyvinyl chloride (PVC) and Non-PVC plastic products, such as Solid sheets and Synthetic leather used for making automotive interior parts, Sports shoes, Furniture, and Stationery. It operates through the Manufacturing of Plastic Parts of Automobile Industry Group and Other segments. The Manufacturing of Plastic Parts of Automobile Industry Group segment, which accounts for the majority of revenue, manufactures artificial leather and automobile rubber flooring. The Other segment produces various types of plastics both soft and rigid, rolls and plate. The group has a business presence in Thailand and other countries.

Thai Nam Plastic PCL (BKK:TNPC) Headlines

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