M.K. Real Estate Development PCL (BKK:MK) ROCE % : -9.45% (As of Mar. 2024)

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What is M.K. Real Estate Development 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. M.K. Real Estate Development PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -9.45%.

M.K. Real Estate Development PCL ROCE % Historical Data

The historical data trend for M.K. Real Estate Development 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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M.K. Real Estate Development PCL ROCE % Chart

M.K. Real Estate Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.31

2.68

1.35

0.53

1.03

M.K. Real Estate Development 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															4.62	8.81	-3.84	-5.26	-9.45

M.K. Real Estate Development PCL ROCE % Calculation

M.K. Real Estate Development 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 )
	=	141.15	/	( ( (19864.604 - 5959.253)	+	(19359.516 - 5868.151) )	/ 2 )
	=	141.15	/	( (13905.351	+	13491.365)	/ 2 )
	=	141.15	/	13698.358
	=	1.03 %

M.K. Real Estate Development 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 )
	=	-1247.016	/	( ( (19359.516 - 5868.151)	+	(20045.114 - 7135.416) )	/ 2 )
	=	-1247.016	/	( ( 13491.365	+	12909.698 )	/ 2 )
	=	-1247.016	/	13200.5315
	=	-9.45 %

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

M.K. Real Estate Development PCL (BKK:MK) 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.

M.K. Real Estate Development PCL ROCE % Related Terms

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M.K. Real Estate Development PCL (BKK:MK) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 345, Surawong Road, 6th - 8th Floor, 345 Surawong Building, Suriyawong Sub-District, BangRak District, Bangkok, THA, 10500

Website

https://www.mk.co.th

M.K. Real Estate Development PCL is a Thailand based real estate developer. Its principal activities are land and building development, house and condominium construction, building and parking rental and golf course business. Its business is divided into five segments including Real estate, Rental warehouse, factory, and others, Golf services and sport club, Property management, and Health and wellness center. Its house construction consists of a single house, twin house, and townhome. The company generates the majority of the revenue from the real estate division.

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