Thai Rayon PCL (Thai Rayon PCL) ROCE % : -37.49% (As of Mar. 2024)

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What is Thai Rayon 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 Rayon PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -37.49%.

Thai Rayon PCL ROCE % Historical Data

The historical data trend for Thai Rayon 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 Rayon PCL ROCE % Chart

Thai Rayon PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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0.55

0.33

12.19

1.94

-5.93

Thai Rayon 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															-0.62	6.13	4.85	4.27	-37.49

Thai Rayon PCL ROCE % Calculation

Thai Rayon PCL's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	-51.862	/	( ( (947.074 - 65.621)	+	(1023.915 - 155.922) )	/ 2 )
	=	-51.862	/	( (881.453	+	867.993)	/ 2 )
	=	-51.862	/	874.723
	=	-5.93 %

Thai Rayon 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 )
	=	-344.268	/	( ( (1031.181 - 62.473)	+	(1023.915 - 155.922) )	/ 2 )
	=	-344.268	/	( ( 968.708	+	867.993 )	/ 2 )
	=	-344.268	/	918.3505
	=	-37.49 %

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

Thai Rayon PCL (GREY:TRAYF) 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 Rayon PCL ROCE % Related Terms

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Thai Rayon PCL (Thai Rayon PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Rayon PCL (GREY:TRAYF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TR:Thailand

Address

Ploenchit Road, 16th Floor, 888/160-1 Mahatun Plaza Building, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.thairayon.com

Thai Rayon PCL is a Thailand-based company principally engaged in the manufacture of viscose rayon staple fibre and anhydrous sodium sulphate for sales to both domestic and export markets. The company also produces Anhydrous Sodium Sulphate as its by-product, which is widely used in the Thai market by detergent, pulp, glass, leather, and textile industries. Thai Rayon has investments in backward and forward integration projects in Thailand, Indonesia, Laos, China, and Canada, as well as several diversification projects in Thailand and overseas.

Thai Rayon PCL (Thai Rayon PCL) Headlines

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