Ratchthani Leasing PCL (BKK:THANI) ROCE % : 3.23% (As of Mar. 2024)

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What is Ratchthani Leasing 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. Ratchthani Leasing PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.23%.

Ratchthani Leasing PCL ROCE % Historical Data

The historical data trend for Ratchthani Leasing 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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Ratchthani Leasing PCL ROCE % Chart

Ratchthani Leasing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.08

6.60

5.15

5.11

3.10

Ratchthani Leasing 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															4.42	4.60	1.97	1.22	3.23

Ratchthani Leasing PCL ROCE % Calculation

Ratchthani Leasing 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 )
	=	1150.474	/	( ( (53909.256 - 17044.717)	+	(55259.631 - 17940.154) )	/ 2 )
	=	1150.474	/	( (36864.539	+	37319.477)	/ 2 )
	=	1150.474	/	37092.008
	=	3.10 %

Ratchthani Leasing 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 )
	=	1209.404	/	( ( (55259.631 - 17940.154)	+	(55980.831 - 18464.632) )	/ 2 )
	=	1209.404	/	( ( 37319.477	+	37516.199 )	/ 2 )
	=	1209.404	/	37417.838
	=	3.23 %

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

Ratchthani Leasing PCL (BKK:THANI) 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.

Ratchthani Leasing PCL ROCE % Related Terms

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Ratchthani Leasing PCL (BKK:THANI) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ratchthani Leasing PCL (BKK:THANI) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

77/35-36, Krung Thon Buri, 11th UP Floor, Sinsathorn Tower, Klongtonsai, Klongsarn, Bangkok, THA, 10600

Website

https://www.ratchthani.com

Ratchthani Leasing PCL is a public company incorporated and domiciled in Thailand. The company is principally engaged in providing financial services specifically hire-purchase and leasing. Ratchathani Leasing PCL is organized into business units based on its products and services and has three reportable segments, namely, New Cars, Used Cars, and Others. The company operates only in Thailand and generates a majority of its revenue from Hire purchase interest income.

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