Asia Medical and Agricultural Laboratory and Research Center PCL (BKK:AMARC) ROCE % : 5.12% (As of Mar. 2024)

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What is Asia Medical and Agricultural Laboratory and Research Center 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. Asia Medical and Agricultural Laboratory and Research Center PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.12%.

Asia Medical and Agricultural Laboratory and Research Center PCL ROCE % Historical Data

The historical data trend for Asia Medical and Agricultural Laboratory and Research Center 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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Asia Medical and Agricultural Laboratory and Research Center PCL ROCE % Chart

Asia Medical and Agricultural Laboratory and Research Center PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.46

9.69

4.87

2.54

Asia Medical and Agricultural Laboratory and Research Center PCL Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							1.58	2.78	4.88	1.07	5.12

Asia Medical and Agricultural Laboratory and Research Center PCL ROCE % Calculation

Asia Medical and Agricultural Laboratory and Research Center 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 )
	=	15.447	/	( ( (699.346 - 66.394)	+	(648.674 - 65.535) )	/ 2 )
	=	15.447	/	( (632.952	+	583.139)	/ 2 )
	=	15.447	/	608.0455
	=	2.54 %

Asia Medical and Agricultural Laboratory and Research Center 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 )
	=	29.876	/	( ( (648.674 - 65.535)	+	(642.231 - 57.489) )	/ 2 )
	=	29.876	/	( ( 583.139	+	584.742 )	/ 2 )
	=	29.876	/	583.9405
	=	5.12 %

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

Asia Medical and Agricultural Laboratory and Research Center PCL (BKK:AMARC) 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.

Asia Medical and Agricultural Laboratory and Research Center PCL ROCE % Related Terms

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Asia Medical and Agricultural Laboratory and Research Center PCL (BKK:AMARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asia Medical and Agricultural Laboratory and Research Center PCL (BKK:AMARC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

361 Soi Ladprao 122, Ladprao Road, Phlabphla, Wang Thonglang, Bangkok, THA, 10310

Website

https://amarc.co.th

Asia Medical and Agricultural Laboratory and Research Center PCL is engaged in providing comprehensive scientific services for the agriculture, food, pharmaceutical and environment sectors including testing, calibration, inspection and certification according to international quality standards.

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