Thai Polycons PCL (BKK:TPOLY) ROCE % : 12.35% (As of Dec. 2023)

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What is Thai Polycons 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 Polycons PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.35%.

Thai Polycons PCL ROCE % Historical Data

The historical data trend for Thai Polycons 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 Polycons PCL ROCE % Chart

Thai Polycons PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.26

6.02

1.11

3.54

6.58

Thai Polycons 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															0.67	8.60	2.81	2.83	12.35

Thai Polycons PCL ROCE % Calculation

Thai Polycons 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 )
	=	463.502	/	( ( (11899.448 - 3056.236)	+	(10276.114 - 5029.438) )	/ 2 )
	=	463.502	/	( (8843.212	+	5246.676)	/ 2 )
	=	463.502	/	7044.944
	=	6.58 %

Thai Polycons 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 )
	=	661.304	/	( ( (12343.843 - 6878.767)	+	(10276.114 - 5029.438) )	/ 2 )
	=	661.304	/	( ( 5465.076	+	5246.676 )	/ 2 )
	=	661.304	/	5355.876
	=	12.35 %

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

Thai Polycons PCL (BKK:TPOLY) 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 Polycons PCL ROCE % Related Terms

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Thai Polycons PCL (BKK:TPOLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thai Polycons PCL (BKK:TPOLY) » Definitions » ROCE %

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Address

Prasertmanukit Road, 2, 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhebua, Ladprao, Bangkok, THA, 10230

Website

https://www.thaipolycons.co.th

Thai Polycons PCL is based in Thailand. The Company has engaged in the construction contractor business It provides construction services to both government and private sectors including shopping malls, horizontal and vertical buildings, industrial plants, as well as power plants. The firm's construction service involves civil engineering, engineering system, and landscape architecture. It engages in construction contractors, Property development, Trading, and Selling Power. It derives the majority of revenue from construction services.

Thai Polycons PCL (BKK:TPOLY) Headlines

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