Minor International PCL (BKK:MINT) ROCE % : 6.90% (As of Dec. 2023)

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What is Minor International 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. Minor International PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.90%.

Minor International PCL ROCE % Historical Data

The historical data trend for Minor International 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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Minor International PCL ROCE % Chart

Minor International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.84

-6.56

-2.79

5.29

7.15

Minor International PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															7.31	2.29	10.48	8.40	6.90

Minor International PCL ROCE % Calculation

Minor International 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 )
	=	20852.699	/	( ( (358209.761 - 67554.016)	+	(359195.923 - 66395.283) )	/ 2 )
	=	20852.699	/	( (290655.745	+	292800.64)	/ 2 )
	=	20852.699	/	291728.1925
	=	7.15 %

Minor International PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	20457.844	/	( ( (370070.456 - 69683.628)	+	(359195.923 - 66395.283) )	/ 2 )
	=	20457.844	/	( ( 300386.828	+	292800.64 )	/ 2 )
	=	20457.844	/	296593.734
	=	6.90 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Minor International PCL (BKK:MINT) 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.

Minor International PCL ROCE % Related Terms

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Minor International PCL (BKK:MINT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minor International PCL (BKK:MINT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MINT-F:Thailand 8MI:Germany

Address

Ratchadaphisek Road, 12th Floor, 88 The Parq Building, Klongtoey Subdistrict, Klongtoey District, Bangkok, THA, 10110

Website

https://www.minor.com

Minor International PCL operates hotels, restaurants, and several smaller businesses. The company operates in four segments: Hotel, with properties in Europe, Thailand, and Latin America; Restaurant, with locations primarily in Thailand, China, and Australia; Retail, which offers a wide range of high-end clothing and consumer products through stores and e-commerce in Thailand; and Mixed-Use. Most of its revenue comes from European hotels. A sizable portion of sales also comes from the restaurant segment in Thailand.