East Coast Furnitech PCL (BKK:ECF) ROCE % : 5.01% (As of Mar. 2024)

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What is East Coast Furnitech 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. East Coast Furnitech PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.01%.

East Coast Furnitech PCL ROCE % Historical Data

The historical data trend for East Coast Furnitech 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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East Coast Furnitech PCL ROCE % Chart

East Coast Furnitech PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.63

10.07

9.53

9.35

-0.09

East Coast Furnitech 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															9.54	-22.49	18.50	-5.35	5.01

East Coast Furnitech PCL ROCE % Calculation

East Coast Furnitech 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 )
	=	-1.835	/	( ( (3988.103 - 1842.057)	+	(4033.923 - 2126.198) )	/ 2 )
	=	-1.835	/	( (2146.046	+	1907.725)	/ 2 )
	=	-1.835	/	2026.8855
	=	-0.09 %

East Coast Furnitech 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 )
	=	95.908	/	( ( (4033.923 - 2126.198)	+	(4123.791 - 2202.805) )	/ 2 )
	=	95.908	/	( ( 1907.725	+	1920.986 )	/ 2 )
	=	95.908	/	1914.3555
	=	5.01 %

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

East Coast Furnitech PCL (BKK:ECF) 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.

East Coast Furnitech PCL ROCE % Related Terms

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East Coast Furnitech PCL (BKK:ECF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » East Coast Furnitech PCL (BKK:ECF) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

37/9 Moo 10 Banbung-Klaeng Road, Tambon Tangkwian, Amphur Klaeng, Rayong, THA, 21110

Website

https://www.eastcoast.co.th

East Coast Furnitech PCL is a manufacturer and distributor of wooden furniture and particle boards. It offers cutting-edge wood for use as a raw material for furniture production. The company operates in two business segments which include Wood furniture and particle boards and Other segments. The Wood furniture and particle boards segment consists of Rubberwood furniture and Particle board furniture. The Other segments comprise Laminating papers, Dried sawn lumbers, Furniture-decorating supplies and retail shops. The company exports its products to Japan, the United States of America, India and other countries.