Meb PCL (BKK:MEB) ROCE % : 42.59% (As of Mar. 2024)

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What is Meb 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. Meb PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 42.59%.

Meb PCL ROCE % Historical Data

The historical data trend for Meb 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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Meb PCL ROCE % Chart

Meb PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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54.59

78.38

89.81

124.62

70.17

Meb PCL Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								78.92	50.65	45.39	49.12	42.59

Meb PCL ROCE % Calculation

Meb 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 )
	=	485.771	/	( ( (560.699 - 368.228)	+	(1458.237 - 266.163) )	/ 2 )
	=	485.771	/	( (192.471	+	1192.074)	/ 2 )
	=	485.771	/	692.2725
	=	70.17 %

Meb 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 )
	=	530.76	/	( ( (1458.237 - 266.163)	+	(1601.262 - 300.75) )	/ 2 )
	=	530.76	/	( ( 1192.074	+	1300.512 )	/ 2 )
	=	530.76	/	1246.293
	=	42.59 %

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

Meb PCL (BKK:MEB) 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.

Meb PCL ROCE % Related Terms

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Meb PCL (BKK:MEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Meb Corp PCL (BKK:MEB) » Definitions » ROCE %

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Address

Chaengwattana Road, 99/27 Moo 4, Software Park Building, 8th Floor, Khlong Kluea Subdistrict, Pak Kret District, Nonthaburi, THA, 11120

Website

https://www.meb.co.th

Meb Corp PCL is engaged in the distribution of E-Book and provision of consultation regarding the preparation of the E-Book system and distribution of electronic reader devices, as well as procurement of related equipment and program. The company operates in a single segment; electronic literature services. The Group is managed and operates principally in Thailand.

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