The Practical Solution PCL (BKK:TPS) ROCE % : 12.38% (As of Mar. 2024)

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What is The Practical Solution 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. The Practical Solution PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.38%.

The Practical Solution PCL ROCE % Historical Data

The historical data trend for The Practical Solution 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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The Practical Solution PCL ROCE % Chart

The Practical Solution PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.07

15.21

9.44

17.14

23.72

The Practical Solution 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															10.08	19.64	30.71	35.76	12.38

The Practical Solution PCL ROCE % Calculation

The Practical Solution 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 )
	=	152.803	/	( ( (890.079 - 304.886)	+	(1098.566 - 395.475) )	/ 2 )
	=	152.803	/	( (585.193	+	703.091)	/ 2 )
	=	152.803	/	644.142
	=	23.72 %

The Practical Solution 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 )
	=	93.26	/	( ( (1098.566 - 395.475)	+	(1143.379 - 339.563) )	/ 2 )
	=	93.26	/	( ( 703.091	+	803.816 )	/ 2 )
	=	93.26	/	753.4535
	=	12.38 %

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

The Practical Solution PCL (BKK:TPS) 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.

The Practical Solution PCL ROCE % Related Terms

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The Practical Solution PCL (BKK:TPS) Business Description

Industry

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Comparable Companies

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Address

Rachadapisek Road, 99 Cement Thai Alley, Lat Yao, Chatuchak, Bangkok, THA, 10900

Website

https://www.thepractical.co.th

The Practical Solution PCL is engaged in the distribution and installation of computer network systems, fully integrated communication systems, wireless communication systems, network security systems, data center solution and management systems and network system management including to provide maintenance services related to such systems. The firm operates in the segments of Sales including installment, and Others. It also provides after-sales service and system maintenance and other information technology services. Its products and services include Cisco, Paloalto, Netapp, Fortinet, system installation and maintenance. The company operates its business in Thailand.

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