AJ Advance Technology PCL (BKK:AJA) ROCE % : -4.39% (As of Dec. 2023)

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What is AJ Advance Technology 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. AJ Advance Technology PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -4.39%.

AJ Advance Technology PCL ROCE % Historical Data

The historical data trend for AJ Advance Technology 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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AJ Advance Technology PCL ROCE % Chart

AJ Advance Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-37.25

-12.63

-17.03

-15.47

-3.17

AJ Advance Technology PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-31.06	-1.66	-0.40	-6.63	-4.39

AJ Advance Technology PCL ROCE % Calculation

AJ Advance Technology 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 )
	=	-27.765	/	( ( (982.127 - 65.322)	+	(883.673 - 49.355) )	/ 2 )
	=	-27.765	/	( (916.805	+	834.318)	/ 2 )
	=	-27.765	/	875.5615
	=	-3.17 %

AJ Advance Technology PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-36.704	/	( ( (898.99 - 60.138)	+	(883.673 - 49.355) )	/ 2 )
	=	-36.704	/	( ( 838.852	+	834.318 )	/ 2 )
	=	-36.704	/	836.585
	=	-4.39 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

AJ Advance Technology PCL (BKK:AJA) 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.

AJ Advance Technology PCL ROCE % Related Terms

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AJ Advance Technology PCL (BKK:AJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AJ Advance Technology PCL (BKK:AJA) » Definitions » ROCE %

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Address

No. 427/2 Rama 2 Road, Kwaeng Samaedum, Khet Bangkhunthien, Bangkok, THA, 10150

Website

https://www.ajthai.com

AJ Advance Technology PCL is a wholesaler and retailer of electric appliances, distribution of smartphone, tablet including parts, and provide service to members for karaoke application, electric vehicle, etc. It has six operating segments; Segment 1 Retailing and wholesaling of electric appliances, including parts, Segment 2 Retailing and wholesaling of mobile phones, including parts (Cancellation section), Segment 3 Top-up service for prepaid phone and service prepaid kiosk, Segment 4 Retailing of shoes, Segment 5 Sale of electric motorcycle, and Segment 6 Others. The company operates only in Thailand.

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