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Precise PCL (BKK:PCC) ROE % : 10.82% (As of Dec. 2023)


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What is Precise PCL ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Precise PCL's annualized net income for the quarter that ended in Dec. 2023 was ฿340 Mil. Precise PCL's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was ฿3,147 Mil. Therefore, Precise PCL's annualized ROE % for the quarter that ended in Dec. 2023 was 10.82%.

The historical rank and industry rank for Precise PCL's ROE % or its related term are showing as below:

BKK:PCC' s ROE % Range Over the Past 10 Years
Min: 10.15   Med: 10.72   Max: 13.19
Current: 10.4

During the past 4 years, Precise PCL's highest ROE % was 13.19%. The lowest was 10.15%. And the median was 10.72%.

BKK:PCC's ROE % is ranked better than
66.41% of 518 companies
in the Conglomerates industry
Industry Median: 6.015 vs BKK:PCC: 10.40

Precise PCL ROE % Historical Data

The historical data trend for Precise PCL's ROE % 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.

* Premium members only.

Precise PCL ROE % Chart

Precise PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROE %
13.19 10.15 11.03 10.40

Precise PCL Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 10.39 9.68 9.96 11.13 10.82

Competitive Comparison of Precise PCL's ROE %

For the Conglomerates subindustry, Precise PCL's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Precise PCL's ROE % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Precise PCL's ROE % distribution charts can be found below:

* The bar in red indicates where Precise PCL's ROE % falls into.



Precise PCL ROE % Calculation

Precise PCL's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=323.843/( (3075.408+3153.184)/ 2 )
=323.843/3114.296
=10.40 %

Precise PCL's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=340.492/( (3140.321+3153.184)/ 2 )
=340.492/3146.7525
=10.82 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Precise PCL  (BKK:PCC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=340.492/3146.7525
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(340.492 / 5083.984)*(5083.984 / 6725.742)*(6725.742 / 3146.7525)
=Net Margin %*Asset Turnover*Equity Multiplier
=6.7 %*0.7559*2.1374
=ROA %*Equity Multiplier
=5.06 %*2.1374
=10.82 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=340.492/3146.7525
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (340.492 / 447.856) * (447.856 / 468.676) * (468.676 / 5083.984) * (5083.984 / 6725.742) * (6725.742 / 3146.7525)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7603 * 0.9556 * 9.22 % * 0.7559 * 2.1374
=10.82 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Precise PCL ROE % Related Terms

Thank you for viewing the detailed overview of Precise PCL's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Precise PCL (BKK:PCC) Business Description

Traded in Other Exchanges
N/A
Address
No. 1842, Krung Thep-Nonthaburi Road, Wongsawang, Bang Sue, Bangkok, THA, 10800
Precise Corp PCL is an investment holding company. The company's segments include Production and distribution of electricity transmission equipment, project management, services and maintenance in low and high voltage of power industries and power utility management; Power station construction, transmission lines, high voltage substations, manufacturing, installation, control and intelligent electricity; Energy investment, production and distribution of electricity from renewable energy, and other related business; Design software management system, platform and information system for enterprise Bio-circular-green economy and Import and export of electrical and mechanical equipment and project sales.

Precise PCL (BKK:PCC) Headlines

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