Asia Hotel PCL (BKK:ASIA) ROCE % : -0.99% (As of Dec. 2023)

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What is Asia Hotel 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 Hotel PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.99%.

Asia Hotel PCL ROCE % Historical Data

The historical data trend for Asia Hotel 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 Hotel PCL ROCE % Chart

Asia Hotel PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.70

0.02

-0.89

0.36

0.72

Asia Hotel 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															1.38	0.88	1.22	1.77	-0.99

Asia Hotel PCL ROCE % Calculation

Asia Hotel 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 )
	=	71.487	/	( ( (10456.552 - 470.632)	+	(10212.295 - 435.403) )	/ 2 )
	=	71.487	/	( (9985.92	+	9776.892)	/ 2 )
	=	71.487	/	9881.406
	=	0.72 %

Asia Hotel 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 )
	=	-97.596	/	( ( (10250.041 - 375.67)	+	(10212.295 - 435.403) )	/ 2 )
	=	-97.596	/	( ( 9874.371	+	9776.892 )	/ 2 )
	=	-97.596	/	9825.6315
	=	-0.99 %

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

Asia Hotel PCL (BKK:ASIA) 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 Hotel PCL ROCE % Related Terms

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Asia Hotel PCL (BKK:ASIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Asia Hotel PCL (BKK:ASIA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

296 Phayathai Road, Phaya Thai, Rajathevee, Bangkok, THA

Website

http://www.asiahotel.co.th

Asia Hotel PCL is a Thailand-based company engaged in hotel and restaurant operations. The company operates three business segments: The room segment, the Food And Beverages segment, and the Rental And Services segment. It generates a majority of its revenue from the Rooms segment.

Asia Hotel PCL (BKK:ASIA) Headlines

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