Asian Alliance International PCL (BKK:AAI) ROCE % : 20.89% (As of Mar. 2024)

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What is Asian Alliance 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. Asian Alliance International PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.89%.

Asian Alliance International PCL ROCE % Historical Data

The historical data trend for Asian Alliance 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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Asian Alliance International PCL ROCE % Chart

Asian Alliance International PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.94

24.76

28.31

25.94

7.84

Asian Alliance International PCL Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										5.67	1.27	10.48	15.33	20.89

Asian Alliance International PCL ROCE % Calculation

Asian Alliance 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 )
	=	412.284	/	( ( (6079.658 - 632.54)	+	(5591.019 - 515.933) )	/ 2 )
	=	412.284	/	( (5447.118	+	5075.086)	/ 2 )
	=	412.284	/	5261.102
	=	7.84 %

Asian Alliance International 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 )
	=	1084.908	/	( ( (5591.019 - 515.933)	+	(5844.3 - 530.947) )	/ 2 )
	=	1084.908	/	( ( 5075.086	+	5313.353 )	/ 2 )
	=	1084.908	/	5194.2195
	=	20.89 %

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

Asian Alliance International PCL (BKK:AAI) 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.

Asian Alliance International PCL ROCE % Related Terms

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Asian Alliance International PCL (BKK:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Alliance International PCL (BKK:AAI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bang Krachao, Mueang, Samut Sakhon, THA, 74000

Website

https://www.asianalliance.co.th

Asian Alliance International PLC is a manufacturer and distributor of pet foods. The company also manufactures ready-to-eat food product store in sealed container, which does not need to be refrigerated. Additionally, the company sells by-products from tuna processing.

Asian Alliance International PCL (BKK:AAI) Headlines

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