TRV Rubber Products PCL (BKK:TRV) ROCE % : 18.94% (As of Mar. 2024)

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What is TRV Rubber Products 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. TRV Rubber Products PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.94%.

TRV Rubber Products PCL ROCE % Historical Data

The historical data trend for TRV Rubber Products 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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TRV Rubber Products PCL ROCE % Chart

TRV Rubber Products PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.51

13.19

12.17

19.77

3.72

TRV Rubber Products PCL Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											7.24	3.42	2.09	2.50	18.94

TRV Rubber Products PCL ROCE % Calculation

TRV Rubber Products 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 )
	=	14.775	/	( ( (372.524 - 36.416)	+	(486.719 - 28.483) )	/ 2 )
	=	14.775	/	( (336.108	+	458.236)	/ 2 )
	=	14.775	/	397.172
	=	3.72 %

TRV Rubber Products 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 )
	=	88.38	/	( ( (486.719 - 28.483)	+	(664.732 - 189.651) )	/ 2 )
	=	88.38	/	( ( 458.236	+	475.081 )	/ 2 )
	=	88.38	/	466.6585
	=	18.94 %

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

TRV Rubber Products PCL (BKK:TRV) 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.

TRV Rubber Products PCL ROCE % Related Terms

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TRV Rubber Products PCL (BKK:TRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » TRV Rubber Products PCL (BKK:TRV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

40,88/8-9 Soi Ekachai 76 split 1-3-1, Khlong Bang Phran, Bang Bon, Bangkok, THA, 10150

Website

https://www.trvrubber.co.th

TRV Rubber Products PCL is a manufacturer and distributor of rubber products for automotive parts and electrical divisions. The business operates in a single segment being manufacturing and selling of o-ring rubber and rubber parts in Thailand.