Triple i Logistics PCL (BKK:III) ROCE % : 12.55% (As of Mar. 2024)

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What is Triple i Logistics 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. Triple i Logistics PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.55%.

Triple i Logistics PCL ROCE % Historical Data

The historical data trend for Triple i Logistics 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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Triple i Logistics PCL ROCE % Chart

Triple i Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.30

11.47

23.45

33.93

24.93

Triple i Logistics 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															17.60	17.93	17.68	40.52	12.55

Triple i Logistics PCL ROCE % Calculation

Triple i Logistics 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 )
	=	906.208	/	( ( (3679.734 - 530.843)	+	(4641.105 - 520.394) )	/ 2 )
	=	906.208	/	( (3148.891	+	4120.711)	/ 2 )
	=	906.208	/	3634.801
	=	24.93 %

Triple i Logistics 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 )
	=	520.952	/	( ( (4641.105 - 520.394)	+	(4688.389 - 505.759) )	/ 2 )
	=	520.952	/	( ( 4120.711	+	4182.63 )	/ 2 )
	=	520.952	/	4151.6705
	=	12.55 %

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

Triple i Logistics PCL (BKK:III) 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.

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Triple i Logistics PCL (BKK:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Triple i Logistics PCL (BKK:III) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, 628, 3rd Floor, Triple i Building, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.iii-logistics.com

Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Airfreight, Sea and inland freight, Logistics management, Chemical and hazardous goods logistics and Other management services. The majority of its revenue is from the Chemical and hazardous goods logistics segment, it operates as a services provider for sea, air, rails, and in-land, both local and overseas including warehouse management and distribution for chemical and hazardous goods.