Power Line Engineering PCL (BKK:PLE) ROCE % : -35.50% (As of Mar. 2024)

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What is Power Line Engineering 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. Power Line Engineering PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -35.50%.

Power Line Engineering PCL ROCE % Historical Data

The historical data trend for Power Line Engineering 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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Power Line Engineering PCL ROCE % Chart

Power Line Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.87

-7.19

11.11

1.12

17.47

Power Line Engineering 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															24.92	7.35	10.71	20.22	-35.50

Power Line Engineering PCL ROCE % Calculation

Power Line Engineering 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 )
	=	552.729	/	( ( (14351.956 - 11132.87)	+	(15942.745 - 12834.73) )	/ 2 )
	=	552.729	/	( (3219.086	+	3108.015)	/ 2 )
	=	552.729	/	3163.5505
	=	17.47 %

Power Line Engineering 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 )
	=	-1134.296	/	( ( (15942.745 - 12834.73)	+	(16013.665 - 12731.528) )	/ 2 )
	=	-1134.296	/	( ( 3108.015	+	3282.137 )	/ 2 )
	=	-1134.296	/	3195.076
	=	-35.50 %

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

Power Line Engineering PCL (BKK:PLE) 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.

Power Line Engineering PCL ROCE % Related Terms

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Power Line Engineering PCL (BKK:PLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Power Line Engineering PCL (BKK:PLE) » Definitions » ROCE %

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N/A

Address

2 Soi Sukhumvit 81 (Siripot), Sukhumvit Road, Bangjak, Phra Khanong, Bangkok, THA, 10260

Website

https://www.ple.co.th

Power Line Engineering PCL is a Thailand-based company engaged in the businesses of system installation of electrical, telecommunication, air condition, sanitary and fire protection and civil construction. The operations of the company principally involve construction contracting and property development, and are mostly carried out in a single geographic area of Thailand.

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