NAT Absolute Technologies PCL (BKK:NAT) ROCE % : 97.73% (As of Sep. 2023)

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What is NAT Absolute Technologies 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. NAT Absolute Technologies PCL's annualized ROCE % for the quarter that ended in Sep. 2023 was 97.73%.

NAT Absolute Technologies PCL ROCE % Historical Data

The historical data trend for NAT Absolute Technologies 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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NAT Absolute Technologies PCL ROCE % Chart

NAT Absolute Technologies PCL Annual Data

Trend

Dec21

Dec22

ROCE %

46.22

134.78

NAT Absolute Technologies PCL Quarterly Data
	Dec21	Sep22	Dec22	Sep23
ROCE %	-	44.86	202.91	97.73

NAT Absolute Technologies PCL ROCE % Calculation

NAT Absolute Technologies PCL's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	135.212	/	( ( (201.732 - 125.739)	+	(501.742 - 377.087) )	/ 2 )
	=	135.212	/	( (75.993	+	124.655)	/ 2 )
	=	135.212	/	100.324
	=	134.78 %

NAT Absolute Technologies PCL's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Dec. 2022 )		(Q: Sep. 2023 )
	=	160.916	/	( ( (501.742 - 377.087)	+	(619.562 - 414.905) )	/ 2 )
	=	160.916	/	( ( 124.655	+	204.657 )	/ 2 )
	=	160.916	/	164.656
	=	97.73 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

NAT Absolute Technologies PCL (BKK:NAT) 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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NAT Absolute Technologies PCL (BKK:NAT) Business Description

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NAT Absolute Technologies PCL is engaged in information and communication technology services in Thailand. It provides consulting services, design, procure and distribute equipment ready for installation, including providing contract system installation services related to information and communication technology systems (Information and Communication Technology System Integration).