Mida Assets PCL (BKK:MIDA) ROCE % : -1.42% (As of Mar. 2024)

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What is Mida Assets 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. Mida Assets PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.42%.

Mida Assets PCL ROCE % Historical Data

The historical data trend for Mida Assets 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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Mida Assets PCL ROCE % Chart

Mida Assets PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.18

-0.60

-3.18

-3.40

2.23

Mida Assets 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															2.51	-2.84	10.98	-0.91	-1.42

Mida Assets PCL ROCE % Calculation

Mida Assets 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 )
	=	136.853	/	( ( (11026.524 - 5365.494)	+	(10533.492 - 3893.322) )	/ 2 )
	=	136.853	/	( (5661.03	+	6640.17)	/ 2 )
	=	136.853	/	6150.6
	=	2.23 %

Mida Assets 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 )
	=	-88.888	/	( ( (10533.492 - 3893.322)	+	(10677.415 - 4812.596) )	/ 2 )
	=	-88.888	/	( ( 6640.17	+	5864.819 )	/ 2 )
	=	-88.888	/	6252.4945
	=	-1.42 %

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

Mida Assets PCL (BKK:MIDA) 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.

Mida Assets PCL ROCE % Related Terms

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Mida Assets PCL (BKK:MIDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Assets PCL (BKK:MIDA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700

Website

http://www.midaassets.com

Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandises and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relation, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

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