Yuasa Battery (Thailand) PCL (BKK:YUASA) ROCE % : 17.76% (As of Mar. 2024)

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What is Yuasa Battery (Thailand) 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. Yuasa Battery (Thailand) PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.76%.

Yuasa Battery (Thailand) PCL ROCE % Historical Data

The historical data trend for Yuasa Battery (Thailand) 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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Yuasa Battery (Thailand) PCL ROCE % Chart

Yuasa Battery (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.89

21.33

12.05

12.93

13.21

Yuasa Battery (Thailand) 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															10.01	12.32	13.79	17.04	17.76

Yuasa Battery (Thailand) PCL ROCE % Calculation

Yuasa Battery (Thailand) 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 )
	=	155.205	/	( ( (1578.421 - 449.804)	+	(1599.682 - 379.142) )	/ 2 )
	=	155.205	/	( (1128.617	+	1220.54)	/ 2 )
	=	155.205	/	1174.5785
	=	13.21 %

Yuasa Battery (Thailand) 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 )
	=	220.832	/	( ( (1599.682 - 379.142)	+	(1646.425 - 380.013) )	/ 2 )
	=	220.832	/	( ( 1220.54	+	1266.412 )	/ 2 )
	=	220.832	/	1243.476
	=	17.76 %

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

Yuasa Battery (Thailand) PCL (BKK:YUASA) 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.

Yuasa Battery (Thailand) PCL ROCE % Related Terms

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Yuasa Battery (Thailand) PCL (BKK:YUASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yuasa Battery (Thailand) PCL (BKK:YUASA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Soi Thedsaban 55, Sukhumvit Road, Number 164, Moo 5, Tambol Taibanmai, Amphur Muangsamutprakan, Samutprakan, THA, 10280

Website

https://www.yuasathai.com

Yuasa Battery (Thailand) PCL is engaged in the manufacturing and distribution of batteries for automobiles and motorcycles in Thailand. The company's product includes maintenance-free batteries for cars and motorcycles. The company manufactures and sells the batteries under its brands, such as THUNDLITE and YUCON. It derives its revenue from the original equipment market, replacement equipment market, and export market.

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