Thai Optical Group PCL (BKK:TOG) ROCE % : 19.22% (As of Mar. 2024)

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What is Thai Optical Group 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 Optical Group PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.22%.

Thai Optical Group PCL ROCE % Historical Data

The historical data trend for Thai Optical Group 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 Optical Group PCL ROCE % Chart

Thai Optical Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.86

3.23

17.10

20.65

20.08

Thai Optical Group 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															21.73	23.59	22.35	17.71	19.22

Thai Optical Group PCL ROCE % Calculation

Thai Optical Group 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 )
	=	490.956	/	( ( (3302.209 - 1099.21)	+	(4046.915 - 1360.991) )	/ 2 )
	=	490.956	/	( (2202.999	+	2685.924)	/ 2 )
	=	490.956	/	2444.4615
	=	20.08 %

Thai Optical Group 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 )
	=	525.616	/	( ( (4046.915 - 1360.991)	+	(4180.179 - 1397.688) )	/ 2 )
	=	525.616	/	( ( 2685.924	+	2782.491 )	/ 2 )
	=	525.616	/	2734.2075
	=	19.22 %

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

Thai Optical Group PCL (BKK:TOG) 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 Optical Group PCL ROCE % Related Terms

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Thai Optical Group PCL (BKK:TOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Thai Optical Group PCL (BKK:TOG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Bangbuathong-Suphanburi Road, 15/5 Moo, Laharn, Bangbuathong, Nonthaburi, THA, 11110

Website

https://www.thaiopticalgroup.com

Thai Optical Group PCL is engaged in the manufacturing and distribution of plastic lenses and related products. The company's products include Organic lenses, Mineral lenses, and Prescription Lenses. It has two reporting segments: Plastic and glass lens, which produces and sells of optical lenses; Other products and services that is the sale of the glass mold, trading goods purchased for resale, glasses assembly services, and surface treatments. The majority of the revenue is generated from the plastic and glass lens segment.

Thai Optical Group PCL (BKK:TOG) Headlines

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