News Network PCL (BKK:NEWS) ROCE % : -54.50% (As of Dec. 2023)

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What is News Network 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. News Network PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -54.50%.

News Network PCL ROCE % Historical Data

The historical data trend for News Network 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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News Network PCL ROCE % Chart

News Network PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-29.47

-8.39

14.87

4.48

-48.83

News Network PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															26.78	-31.90	-70.85	-41.71	-54.50

News Network PCL ROCE % Calculation

News Network 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 )
	=	-532.236	/	( ( (1366.18 - 11.084)	+	(1268.904 - 444.111) )	/ 2 )
	=	-532.236	/	( (1355.096	+	824.793)	/ 2 )
	=	-532.236	/	1089.9445
	=	-48.83 %

News Network PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-482.968	/	( ( (1298.327 - 350.898)	+	(1268.904 - 444.111) )	/ 2 )
	=	-482.968	/	( ( 947.429	+	824.793 )	/ 2 )
	=	-482.968	/	886.111
	=	-54.50 %

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

News Network PCL (BKK:NEWS) 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.

News Network PCL ROCE % Related Terms

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News Network PCL (BKK:NEWS) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » News Network Corp PCL (BKK:NEWS) » Definitions » ROCE %

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NEWS-F:Thailand

Address

Rama 4 Road, 944 Mitrtown Office Tower, 28th Floor, Units 2807-2810, Wangmai, Pathumwan, Bangkok, THA, 10330

Website

https://www.newsnetwork.co.th

News Network Corp PCL engages in the business activities of the securities business and the main business of the Company is the distribution, installation and development of software information systems, providing consultation and development of information technology system integrators, including computer network systems, acquisition of hardware and software development. The company operates in two segments information technology and Securities. The majority of revenue is derived from the information technology segment.

News Network PCL (BKK:NEWS) Headlines

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