ASN Broker PCL (BKK:ASN) ROCE % : 5.59% (As of Mar. 2024)

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What is ASN Broker 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. ASN Broker PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.59%.

ASN Broker PCL ROCE % Historical Data

The historical data trend for ASN Broker 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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ASN Broker PCL ROCE % Chart

ASN Broker PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.92

5.65

5.60

3.65

4.59

ASN Broker PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.65	3.17	0.83	9.71	5.59

ASN Broker PCL ROCE % Calculation

ASN Broker 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 )
	=	18.7	/	( ( (568.821 - 59.027)	+	(557.696 - 253.029) )	/ 2 )
	=	18.7	/	( (509.794	+	304.667)	/ 2 )
	=	18.7	/	407.2305
	=	4.59 %

ASN Broker 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 )
	=	17.044	/	( ( (557.696 - 253.029)	+	(550.333 - 245.486) )	/ 2 )
	=	17.044	/	( ( 304.667	+	304.847 )	/ 2 )
	=	17.044	/	304.757
	=	5.59 %

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

ASN Broker PCL (BKK:ASN) 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.

ASN Broker PCL ROCE % Related Terms

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ASN Broker PCL (BKK:ASN) Business Description

Industry

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N/A

Address

Phaholyothin Road, 388 IBM Tower, 16th Floor, Zone B, Samsennai, Phayathai, Bangkok, THA, 10400

Website

https://www.asnbroker.co.th

ASN Broker PCL is a Thailand-based company engaged in providing loans and non-life insurance broker activity. The company operates in the segments of Insurance broker; Loan and Peer-to-peer Lending. The company derives key revenue from the insurance broker segment which provides non-life insurance broker and life insurance broker services. The loan segment provides lending services through the peer-to-peer lending platform and personal loans. The group operates in Thailand only.

ASN Broker PCL (BKK:ASN) Headlines

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