TQM Alpha PCL (BKK:TQM) ROCE % : 31.47% (As of Dec. 2023)

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What is TQM Alpha 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. TQM Alpha PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 31.47%.

TQM Alpha PCL ROCE % Historical Data

The historical data trend for TQM Alpha 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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TQM Alpha PCL ROCE % Chart

TQM Alpha PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.96

32.04

33.95

27.85

28.04

TQM Alpha 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															33.16	27.59	26.13	28.31	31.47

TQM Alpha PCL ROCE % Calculation

TQM Alpha 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 )
	=	1109.194	/	( ( (4903.03 - 1110.48)	+	(5459.399 - 1340.927) )	/ 2 )
	=	1109.194	/	( (3792.55	+	4118.472)	/ 2 )
	=	1109.194	/	3955.511
	=	28.04 %

TQM Alpha 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 )
	=	1272.308	/	( ( (5153.825 - 1185.626)	+	(5459.399 - 1340.927) )	/ 2 )
	=	1272.308	/	( ( 3968.199	+	4118.472 )	/ 2 )
	=	1272.308	/	4043.3355
	=	31.47 %

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

TQM Alpha PCL (BKK:TQM) 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.

TQM Alpha PCL ROCE % Related Terms

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TQM Alpha PCL (BKK:TQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » TQM Alpha PCL (BKK:TQM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 123, Ladplakao Road, Chorakhe Bua Subdistrict, Lat Phrao District, Bangkok, THA, 10230

Website

https://www.tqmalpha.com

TQM Alpha PCL is engaged in investment in companies that are focused on non-life insurance brokers, life insurance brokers, and provision of services as a manager, caregiver, collect benefits, and property management for related parties. It also provides procurement and consulting services for computer software and hardware.

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