Thitikorn PCL (BKK:TK) ROCE % : 2.86% (As of Mar. 2024)

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What is Thitikorn 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. Thitikorn PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.86%.

Thitikorn PCL ROCE % Historical Data

The historical data trend for Thitikorn 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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Thitikorn PCL ROCE % Chart

Thitikorn PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.95

12.25

7.86

8.28

7.84

Thitikorn 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															8.42	7.46	8.72	6.54	2.86

Thitikorn PCL ROCE % Calculation

Thitikorn 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 )
	=	458.727	/	( ( (6558.344 - 646.807)	+	(6404.716 - 607.342) )	/ 2 )
	=	458.727	/	( (5911.537	+	5797.374)	/ 2 )
	=	458.727	/	5854.4555
	=	7.84 %

Thitikorn 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 )
	=	165.48	/	( ( (6404.716 - 607.342)	+	(6338.021 - 564.381) )	/ 2 )
	=	165.48	/	( ( 5797.374	+	5773.64 )	/ 2 )
	=	165.48	/	5785.507
	=	2.86 %

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

Thitikorn PCL (BKK:TK) 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.

Thitikorn PCL ROCE % Related Terms

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Thitikorn PCL (BKK:TK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Thitikorn PCL (BKK:TK) » Definitions » ROCE %

Comparable Companies

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N/A

Address

69 Ramkhamhaeng Road, Huamark, Bangkapi, Bangkok, THA, 10240

Website

http://www.tk.co.th

Thitikorn PCL and its subsidiaries are engaged in the vehicle hire-purchase business and related other services. The company has a single-core operating segment which is hire-purchase on automobiles and motorcycles for general retail customers whereby the business activities with respect to loans, personal loans and nano finance/microfinance to the general retail customers are insignificant portion as compared to the entire volumes and business activities.