Eastern Commercial Leasing PCL (BKK:ECL) ROCE % : -0.03% (As of Mar. 2024)

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What is Eastern Commercial Leasing 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. Eastern Commercial Leasing PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.03%.

Eastern Commercial Leasing PCL ROCE % Historical Data

The historical data trend for Eastern Commercial Leasing 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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Eastern Commercial Leasing PCL ROCE % Chart

Eastern Commercial Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.20

0.08

5.16

5.29

1.96

Eastern Commercial Leasing 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															4.82	3.33	-0.15	0.27	-0.03

Eastern Commercial Leasing PCL ROCE % Calculation

Eastern Commercial Leasing 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 )
	=	59.573	/	( ( (4442.161 - 1721.201)	+	(4982.214 - 1628.255) )	/ 2 )
	=	59.573	/	( (2720.96	+	3353.959)	/ 2 )
	=	59.573	/	3037.4595
	=	1.96 %

Eastern Commercial Leasing 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 )
	=	-1.012	/	( ( (4982.214 - 1628.255)	+	(5136.657 - 1698.078) )	/ 2 )
	=	-1.012	/	( ( 3353.959	+	3438.579 )	/ 2 )
	=	-1.012	/	3396.269
	=	-0.03 %

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

Eastern Commercial Leasing PCL (BKK:ECL) 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.

Eastern Commercial Leasing PCL ROCE % Related Terms

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Eastern Commercial Leasing PCL (BKK:ECL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eastern Commercial Leasing PCL (BKK:ECL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rim Klong Samsean Road, 976/1, Soi Rama 9 Hospital, Bang Kapi Subdistrict, Huai Khwang District, Bangkok, THA, 10310

Website

https://www.ecl.co.th

Eastern Commercial Leasing PCL is engaged in the business of credit services to the personal and juristic person in the form of hire purchase, loans and sale with right of redemption agreement. The company operates in the business division of Credit Services. The hire and sale-purchase agreement generate maximum revenue for the company.