Thai Toray Textile Mills PCL (BKK:TTTM-R) ROCE % : 4.81% (As of Mar. 2019)

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What is Thai Toray Textile Mills 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 Toray Textile Mills PCL's annualized ROCE % for the quarter that ended in Mar. 2019 was 4.81%.

Thai Toray Textile Mills PCL ROCE % Historical Data

The historical data trend for Thai Toray Textile Mills 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 Toray Textile Mills PCL ROCE % Chart

Thai Toray Textile Mills PCL Annual Data

Trend

Dec10

Dec11

Jan12

Dec13

Dec14

Mar15

Mar16

Mar17

Mar18

Mar19

ROCE %

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0.45

2.35

0.40

1.70

5.18

Thai Toray Textile Mills PCL Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
ROCE %	Get a 7-Day Free Trial															3.82	5.26	7.39	3.25	4.81

Thai Toray Textile Mills PCL ROCE % Calculation

Thai Toray Textile Mills PCL's annualized ROCE % for the fiscal year that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2019 )		(A: Mar. 2018 )		(A: Mar. 2019 )
	=	80.234	/	( ( (1702.376 - 175.548)	+	(1699.016 - 128.374) )	/ 2 )
	=	80.234	/	( (1526.828	+	1570.642)	/ 2 )
	=	80.234	/	1548.735
	=	5.18 %

Thai Toray Textile Mills PCL's ROCE % of for the quarter that ended in Mar. 2019 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2019 )		(Q: Dec. 2018 )		(Q: Mar. 2019 )
	=	75.108	/	( ( (1720.145 - 165.12)	+	(1699.016 - 128.374) )	/ 2 )
	=	75.108	/	( ( 1555.025	+	1570.642 )	/ 2 )
	=	75.108	/	1562.8335
	=	4.81 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2019) EBIT data.

Thai Toray Textile Mills PCL (BKK:TTTM-R) 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 Toray Textile Mills PCL ROCE % Related Terms

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Thai Toray Textile Mills PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Toray Textile Mills PCL (BKK:TTTM-R) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

North Sathorn Road, 20 Bubhajit Building, 6th Floor, Kwang Silom, Khet Bangrak, Bangkok, THA, 10500

Website

http://www.toray.co.th

Thai Toray Textile Mills PCL is primarily engaged in the manufacturing, national distribution and exporting of textiles. The company comprises two business segments, Woven Fabric and Knitted Fabric segment; and Car Seat Fabric segment. Its primary geographic markets are Thailand, Japan, Vietnam, United Arab Emirates, and other countries. Geographically the company receives maximum revenue from Thailand.

Thai Toray Textile Mills PCL Headlines

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