Bangkok Land PCL (BKK:BLAND) ROCE % : 9.08% (As of Mar. 2024)

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What is Bangkok Land 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. Bangkok Land PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.08%.

Bangkok Land PCL ROCE % Historical Data

The historical data trend for Bangkok Land 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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Bangkok Land PCL ROCE % Chart

Bangkok Land PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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4.62

-0.22

2.27

3.09

3.08

Bangkok Land 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															8.22	0.54	0.53	2.58	9.08

Bangkok Land PCL ROCE % Calculation

Bangkok Land PCL's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	1900.208	/	( ( (64811.266 - 2722.801)	+	(68250.716 - 6797.007) )	/ 2 )
	=	1900.208	/	( (62088.465	+	61453.709)	/ 2 )
	=	1900.208	/	61771.087
	=	3.08 %

Bangkok Land 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 )
	=	5445.416	/	( ( (64785.112 - 6353.162)	+	(68250.716 - 6797.007) )	/ 2 )
	=	5445.416	/	( ( 58431.95	+	61453.709 )	/ 2 )
	=	5445.416	/	59942.8295
	=	9.08 %

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

Bangkok Land PCL (BKK:BLAND) 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.

Bangkok Land PCL ROCE % Related Terms

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Bangkok Land PCL (BKK:BLAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Bangkok Land PCL (BKK:BLAND) » Definitions » ROCE %

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Address

Popular 3 Road, Tambol Bannmai, Amphur Pakkred, 10th Floor, New Geneva Industry Condominium, 47/569 - 576 Moo 3, Nonthaburi, THA

Website

https://www.bangkokland.co.th

Bangkok Land is a Thailand-based property holding company. The principal business of the Company and its subsidiaries comprise real estate development, exhibition and convention, food and beverage, investment in hotels, and education. The real estate, which is involved in developing residential and commercial properties for sale and rental; exhibition center, which provides a broad range of facilities and services for customers to hold activities and functions.

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