TAWNF (Thai Airways International PCL) ROCE % : 39.02% (As of Sep. 2024)

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What is Thai Airways International 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 Airways International PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 39.02%.

Thai Airways International PCL ROCE % Historical Data

The historical data trend for Thai Airways International 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 Airways International PCL ROCE % Chart

Thai Airways International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.89

-321.41

1,196.32

8.71

28.26

Thai Airways International 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															12.80	39.13	16.11	11.00	39.02

Thai Airways International PCL ROCE % Calculation

Thai Airways International 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 )
	=	1212.427	/	( ( (5699.987 - 1830.89)	+	(6832.013 - 2121.044) )	/ 2 )
	=	1212.427	/	( (3869.097	+	4710.969)	/ 2 )
	=	1212.427	/	4290.033
	=	28.26 %

Thai Airways International 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 )
	=	2082.336	/	( ( (7369.374 - 2252.761)	+	(7931.167 - 2373.848) )	/ 2 )
	=	2082.336	/	( ( 5116.613	+	5557.319 )	/ 2 )
	=	2082.336	/	5336.966
	=	39.02 %

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

Thai Airways International PCL (OTCPK:TAWNF) 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 Airways International PCL ROCE % Related Terms

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Thai Airways International PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » ROCE %

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Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company segments are Air Transport, Business Units, and Others. The air transport business focuses on the transportation of passengers, cargo, and mail, and utilizes scheduled and chartered flights to domestic and international destinations. The business units segment ensures all flights reach their destination on time and at the correct location, and offers support with cargo terminal handling, group equipment services, and catering services. The other segments include the sale of duty-free goods, the sale of souvenir products from the maintenance division, and the operation of subsidiaries. The majority of revenue originates from Asia from Air Transport.