Techno Medical PCL (BKK:TM) ROCE % : -1.26% (As of Mar. 2024)

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What is Techno Medical 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. Techno Medical PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.26%.

Techno Medical PCL ROCE % Historical Data

The historical data trend for Techno Medical 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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Techno Medical PCL ROCE % Chart

Techno Medical PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.17

12.58

9.56

4.00

2.12

Techno Medical 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															6.55	4.31	-3.78	1.17	-1.26

Techno Medical PCL ROCE % Calculation

Techno Medical 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 )
	=	12.538	/	( ( (929.756 - 334.712)	+	(983.337 - 392.938) )	/ 2 )
	=	12.538	/	( (595.044	+	590.399)	/ 2 )
	=	12.538	/	592.7215
	=	2.12 %

Techno Medical 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 )
	=	-7.38	/	( ( (983.337 - 392.938)	+	(968.203 - 386.797) )	/ 2 )
	=	-7.38	/	( ( 590.399	+	581.406 )	/ 2 )
	=	-7.38	/	585.9025
	=	-1.26 %

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

Techno Medical PCL (BKK:TM) 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.

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Techno Medical PCL (BKK:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Techno Medical PCL (BKK:TM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Soi Latphrao 92, Phlap Phla sub-district, Wang Thong Lang district, Bangkok, THA, 10310

Website

https://www.technomedical.co.th

Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies and Medical Equipment and Instrument. Substantial revenue is derived from Disposable Equipment and Supplies segment.