True PCL (FRA:TAF0) ROCE % : 3.66% (As of Sep. 2024)

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What is True 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. True PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.66%.

True PCL ROCE % Historical Data

The historical data trend for True 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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True PCL ROCE % Chart

True PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.79

3.92

3.24

-0.31

True PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.55	-	3.31	2.56	3.66

True PCL ROCE % Calculation

True 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 )
	=	0	/	( ( (16782.122 - 5111.981)	+	(19522.31 - 5324.921) )	/ 2 )
	=	0	/	( (11670.141	+	14197.389)	/ 2 )
	=	0	/	12933.765
	=	0.00 %

True PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	451.8	/	( ( (17738.057 - 5817.87)	+	(18513.598 - 5778.185) )	/ 2 )
	=	451.8	/	( ( 11920.187	+	12735.413 )	/ 2 )
	=	451.8	/	12327.8
	=	3.66 %

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

True PCL (FRA:TAF0) 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.

True PCL ROCE % Related Terms

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True PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » True Corp PCL (FRA:TAF0) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TCPFF:USA TRUE-F:Thailand TRUE:Thailand

Address

18 True Tower, Ratchadaphisek Road, Huai Khwang, Bangkok, THA, 10310

Website

https://www.truecorp.co.th

True Corp PCL is a triple-play telecommunications company. It operates through three business segments: Mobile, Pay TV, Broadband, and others. The majority of revenue is derived from Mobile, the company's mobile services product offering. The majority of the company's customer base in its mobile services division is considered prepaid. Broadband and other generated revenue internet services are recognized when rendering the service to subscribers. Pay TV generates revenues from monthly subscription fees recognized in the month in which the service is provided, commencing from the completion of installation. It operates in a single geographical area, which is Thailand.

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