Thai Stanley Electric (Thailand) PCL (BKK:STANLY-F) ROCE % : 7.41% (As of Dec. 2023)

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What is Thai Stanley Electric (Thailand) 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. Thai Stanley Electric (Thailand) PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.41%.

Thai Stanley Electric (Thailand) PCL ROCE % Historical Data

The historical data trend for Thai Stanley Electric (Thailand) 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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Thai Stanley Electric (Thailand) PCL ROCE % Chart

Thai Stanley Electric (Thailand) PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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12.46

11.44

5.05

7.59

7.46

Thai Stanley Electric (Thailand) 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															6.26	12.30	4.81	6.52	7.41

Thai Stanley Electric (Thailand) PCL ROCE % Calculation

Thai Stanley Electric (Thailand) PCL's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	1616.413	/	( ( (23056.655 - 2065.235)	+	(24325.401 - 1992.331) )	/ 2 )
	=	1616.413	/	( (20991.42	+	22333.07)	/ 2 )
	=	1616.413	/	21662.245
	=	7.46 %

Thai Stanley Electric (Thailand) 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 )
	=	1623.856	/	( ( (23673.899 - 1935.077)	+	(23823.094 - 1729.518) )	/ 2 )
	=	1623.856	/	( ( 21738.822	+	22093.576 )	/ 2 )
	=	1623.856	/	21916.199
	=	7.41 %

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

Thai Stanley Electric (Thailand) PCL (BKK:STANLY-F) 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.

Thai Stanley Electric (Thailand) PCL ROCE % Related Terms

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Thai Stanley Electric (Thailand) PCL (BKK:STANLY-F) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Stanley Electric (Thailand) PCL (BKK:STANLY-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STANLY:Thailand

Address

29/3 Moo 1 Bangpoon-Rungsit Road, Ban Klang Subdistrict, Amphur Muang, Pathum Thani District, Rangsit, THA, 12000

Website

https://www.thaistanley.com

Thai Stanley Electric (Thailand) PCL is a Thailand-based company engaged in the manufacturing and sale of automotive bulbs, lighting equipment, and molds and dies. The company products include head lamp, rear combination lamp, wind screens, front winkers, and rear winkers and others. It generates maximum revenue from the Auto bulbs and automotive lighting equipment.

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