Kijcharoen Engineering Electric PCL (BKK:KJL) ROCE % : 22.46% (As of Mar. 2024)

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What is Kijcharoen Engineering Electric 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. Kijcharoen Engineering Electric PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.46%.

Kijcharoen Engineering Electric PCL ROCE % Historical Data

The historical data trend for Kijcharoen Engineering Electric 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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Kijcharoen Engineering Electric PCL ROCE % Chart

Kijcharoen Engineering Electric PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

33.02

34.93

32.85

27.68

Kijcharoen Engineering Electric PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							24.23	28.90	36.07	22.62	22.46

Kijcharoen Engineering Electric PCL ROCE % Calculation

Kijcharoen Engineering Electric 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 )
	=	195.654	/	( ( (1125.521 - 413.055)	+	(1057.773 - 356.582) )	/ 2 )
	=	195.654	/	( (712.466	+	701.191)	/ 2 )
	=	195.654	/	706.8285
	=	27.68 %

Kijcharoen Engineering Electric 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 )
	=	159.892	/	( ( (1057.773 - 356.582)	+	(1106.695 - 384.389) )	/ 2 )
	=	159.892	/	( ( 701.191	+	722.306 )	/ 2 )
	=	159.892	/	711.7485
	=	22.46 %

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

Kijcharoen Engineering Electric PCL (BKK:KJL) 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.

Kijcharoen Engineering Electric PCL ROCE % Related Terms

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Kijcharoen Engineering Electric PCL (BKK:KJL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kijcharoen Engineering Electric PCL (BKK:KJL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 and 61/5 Moo 8 Soi Wirunrat Setthakit Road, Thamai, Krathum Baen, Samut Sakhon, THA, 74110

Website

https://www.kjl.co.th

Kijcharoen Engineering Electric PCL is engaged in production and distribution of electrical cabinets, wireway and all kinds of wiring devices.

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