Central Pattana PCL (BKK:CPN) ROCE % : 10.11% (As of Mar. 2024)

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What is Central Pattana 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. Central Pattana PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.11%.

Central Pattana PCL ROCE % Historical Data

The historical data trend for Central Pattana 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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Central Pattana PCL ROCE % Chart

Central Pattana PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.46

8.02

5.26

6.91

9.33

Central Pattana 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															8.14	9.01	10.17	10.11	10.11

Central Pattana PCL ROCE % Calculation

Central Pattana 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 )
	=	21306.135	/	( ( (272691.928 - 42032.064)	+	(279872.724 - 53868.213) )	/ 2 )
	=	21306.135	/	( (230659.864	+	226004.511)	/ 2 )
	=	21306.135	/	228332.1875
	=	9.33 %

Central Pattana 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 )
	=	23979.8	/	( ( (279872.724 - 53868.213)	+	(293552.308 - 45064.874) )	/ 2 )
	=	23979.8	/	( ( 226004.511	+	248487.434 )	/ 2 )
	=	23979.8	/	237245.9725
	=	10.11 %

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

Central Pattana PCL (BKK:CPN) 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.

Central Pattana PCL ROCE % Related Terms

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Central Pattana PCL (BKK:CPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Central Pattana PCL (BKK:CPN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CPN-F:Thailand

Address

999/9 Rama I Road, 31-33 Floor, The Offices at Central World, Patumwan District, Patumwan Sub-District, Bangkok, THA, 10330

Website

https://www.centralpattana.co.th

Central Pattana PCL develops and manages large-scale shopping complexes, office buildings, and hotels. The company segment includes Development of shopping center buildings, office building and condominiums for rent including provision of utility services, operator of play land and water theme park in the shopping center buildings; Food center services in the shopping centers; Hotel business and Real estate business for sales of land and houses and condominium units.

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