TTW PCL (BKK:TTW-R) ROCE % : 14.43% (As of Mar. 2024)

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What is TTW 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. TTW PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.43%.

TTW PCL ROCE % Historical Data

The historical data trend for TTW 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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TTW PCL ROCE % Chart

TTW PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.86

19.45

19.65

19.62

19.19

TTW 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															16.50	17.31	23.86	19.92	14.43

TTW PCL ROCE % Calculation

TTW 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 )
	=	3688.888	/	( ( (21489.92 - 2199.978)	+	(20277.361 - 1115.14) )	/ 2 )
	=	3688.888	/	( (19289.942	+	19162.221)	/ 2 )
	=	3688.888	/	19226.0815
	=	19.19 %

TTW 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 )
	=	2779.864	/	( ( (20277.361 - 1115.14)	+	(20699.861 - 1324.058) )	/ 2 )
	=	2779.864	/	( ( 19162.221	+	19375.803 )	/ 2 )
	=	2779.864	/	19269.012
	=	14.43 %

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

TTW PCL (BKK:TTW-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.

TTW PCL ROCE % Related Terms

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TTW PCL (BKK:TTW-R) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » TTW PCL (BKK:TTW-R) » Definitions » ROCE %

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TTAPY:USA TTW:Thailand

Address

Budha Monthon 5 Road, 30/130 Moo 12, Rai Khing, RaiKhing, Sam Pran, Nakhon Pathom, THA, 73210

Website

https://www.ttwplc.com

TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its major customer, Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom, and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services and operate within Thailand. The majority of the company's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources.

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