Asian Marine Services PCL (BKK:ASIMAR) ROCE % : 16.47% (As of Dec. 2023)

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What is Asian Marine Services 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. Asian Marine Services PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.47%.

Asian Marine Services PCL ROCE % Historical Data

The historical data trend for Asian Marine Services 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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Asian Marine Services PCL ROCE % Chart

Asian Marine Services PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.89

8.61

6.09

3.66

6.87

Asian Marine Services 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															5.62	6.77	-8.18	12.95	16.47

Asian Marine Services PCL ROCE % Calculation

Asian Marine Services 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 )
	=	34.412	/	( ( (822.951 - 319.581)	+	(830.651 - 331.754) )	/ 2 )
	=	34.412	/	( (503.37	+	498.897)	/ 2 )
	=	34.412	/	501.1335
	=	6.87 %

Asian Marine Services 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 )
	=	81.192	/	( ( (708.724 - 221.554)	+	(830.651 - 331.754) )	/ 2 )
	=	81.192	/	( ( 487.17	+	498.897 )	/ 2 )
	=	81.192	/	493.0335
	=	16.47 %

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

Asian Marine Services PCL (BKK:ASIMAR) 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.

Asian Marine Services PCL ROCE % Related Terms

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Asian Marine Services PCL (BKK:ASIMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Asian Marine Services PCL (BKK:ASIMAR) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

128 Moo 3 Suksawad Road, Laemfapa, Prasamutjedee, Samutprakan, THA, 10290

Website

https://www.asimar.com

Asian Marine Services PCL is principally engaged in shipbuilding and ship repair services. It provides services such as ship repair, shipbuilding, conversion, offshore, engineering, and facilities. The company and its subsidiaries' business operations involve principal segments namely, Ship Repairing; Shipbuilding and Ship Supply. The operations of the company are mainly carried out in Thailand, and it generates a majority of the revenue from the Ship repairing segment.

Asian Marine Services PCL (BKK:ASIMAR) Headlines

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