Thai Poly Acrylic PCL (BKK:TPA) ROCE % : -15.05% (As of Sep. 2024)

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What is Thai Poly Acrylic 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 Poly Acrylic PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was -15.05%.

Thai Poly Acrylic PCL ROCE % Historical Data

The historical data trend for Thai Poly Acrylic 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 Poly Acrylic PCL ROCE % Chart

Thai Poly Acrylic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.44

13.22

4.23

-4.53

2.25

Thai Poly Acrylic PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.97	2.31	2.01	0.19	-15.05

Thai Poly Acrylic PCL ROCE % Calculation

Thai Poly Acrylic 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 )
	=	10.251	/	( ( (623.822 - 177.301)	+	(689.407 - 223.578) )	/ 2 )
	=	10.251	/	( (446.521	+	465.829)	/ 2 )
	=	10.251	/	456.175
	=	2.25 %

Thai Poly Acrylic PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-64.488	/	( ( (671.66 - 232.898)	+	(664.515 - 246.341) )	/ 2 )
	=	-64.488	/	( ( 438.762	+	418.174 )	/ 2 )
	=	-64.488	/	428.468
	=	-15.05 %

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

Thai Poly Acrylic PCL (BKK:TPA) 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 Poly Acrylic PCL ROCE % Related Terms

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Thai Poly Acrylic PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Poly Acrylic PCL (BKK:TPA) » Definitions » ROCE %

Comparable Companies

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TPA-R:Thailand

Address

60-61 Moo 9, Putthamonthon Road Sai 4 Road, Krathumlom, Sampran, Nakornpathom, THA, 73220

Website

https://www.thaipolyacrylic.com

Thai Poly Acrylic PCL is principally engaged in the manufacture and distribution of acrylic sheets, acrylonitrile butadiene styrene sheets, high impact polystyrene sheets and other extruded plastic sheets. The company generates revenues from its business in Thailand and Overseas markets.

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