Thai Packaging & Printing PCL (BKK:TPP) ROCE % : 0.57% (As of Mar. 2024)

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What is Thai Packaging & Printing 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 Packaging & Printing PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.57%.

Thai Packaging & Printing PCL ROCE % Historical Data

The historical data trend for Thai Packaging & Printing 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 Packaging & Printing PCL ROCE % Chart

Thai Packaging & Printing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.64

-0.35

3.46

3.81

1.55

Thai Packaging & Printing 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															-0.19	1.79	0.55	4.01	0.57

Thai Packaging & Printing PCL ROCE % Calculation

Thai Packaging & Printing 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 )
	=	15.72	/	( ( (1036.127 - 35.244)	+	(1059.944 - 29.707) )	/ 2 )
	=	15.72	/	( (1000.883	+	1030.237)	/ 2 )
	=	15.72	/	1015.56
	=	1.55 %

Thai Packaging & Printing 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 )
	=	5.908	/	( ( (1059.944 - 29.707)	+	(1067.913 - 36.302) )	/ 2 )
	=	5.908	/	( ( 1030.237	+	1031.611 )	/ 2 )
	=	5.908	/	1030.924
	=	0.57 %

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

Thai Packaging & Printing PCL (BKK:TPP) 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 Packaging & Printing PCL ROCE % Related Terms

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Thai Packaging & Printing PCL (BKK:TPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Packaging & Printing PCL (BKK:TPP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/9 Moo 6, King Kaew Road, Tambol Rachathewa Amphur Bangplee, Samutprakan, THA, 10540

Website

https://www.tpppack.com

Thai Packaging & Printing PCL along with its subsidiaries is engaged in the manufacturing and distributing box packaging. It manufactures its products for automotive, electric, medical appliance, food and beverage, houseware, fast-moving consumer, toy, and miscellaneous industries. It offers design and development solutions for industrial and consumer packaging. Its products include Folding box, Corrugated folding box, Ice cream tube, Corrugated sheet board, Corrugated master Carton, Leaflet brochure, and magazine. The company also offers agent services for air passenger and cargo. It generates a majority of the revenue from the Packaging business.

Thai Packaging & Printing PCL (BKK:TPP) Headlines

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