Thai Coconut PCL (BKK:COCOCO) ROCE % : 25.23% (As of Sep. 2023)

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What is Thai Coconut 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. Thai Coconut PCL's annualized ROCE % for the quarter that ended in Sep. 2023 was 25.23%.

Thai Coconut PCL ROCE % Historical Data

The historical data trend for Thai Coconut 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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Thai Coconut PCL ROCE % Chart

Thai Coconut PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

ROCE %

18.30

7.08

17.36

19.91

Thai Coconut PCL Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial			16.64	-	17.72	33.17	25.23

Thai Coconut PCL ROCE % Calculation

Thai Coconut PCL's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	337.076	/	( ( (3045.059 - 1354.258)	+	(3113.324 - 1418.656) )	/ 2 )
	=	337.076	/	( (1690.801	+	1694.668)	/ 2 )
	=	337.076	/	1692.7345
	=	19.91 %

Thai Coconut PCL's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	661.976	/	( ( (3469.864 - 1930.009)	+	(5661.41 - 1952.776) )	/ 2 )
	=	661.976	/	( ( 1539.855	+	3708.634 )	/ 2 )
	=	661.976	/	2624.2445
	=	25.23 %

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

Thai Coconut PCL (BKK:COCOCO) 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.

Thai Coconut PCL ROCE % Related Terms

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Thai Coconut PCL (BKK:COCOCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Coconut PCL (BKK:COCOCO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changwattana Road, 108/45 Soi Changwattana 20, Pakkred, Nonthaburi, THA, 11120

Website

https://www.thaicoconut.com

Thai Coconut PCL is engaged in the production and distribution of coconut products. Its Products include coconut milk, coconut water, virgin coconut oil, ready curry soup, coconut snacks, desiccated coconut, etc. Products from its factory are produced under the Thaicoco and Cocoburi brands. Its segments are Coconut milk and Coconut water. It generates the majority of its revenue from Coconut milk.

Thai Coconut PCL (BKK:COCOCO) Headlines

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