The Erawan Group PCL (BKK:ERW) ROCE % : 11.70% (As of Mar. 2024)

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What is The Erawan Group 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. The Erawan Group PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.70%.

The Erawan Group PCL ROCE % Historical Data

The historical data trend for The Erawan Group 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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The Erawan Group PCL ROCE % Chart

The Erawan Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.56

-7.85

-8.13

1.05

6.55

The Erawan Group 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															7.40	5.77	5.98	7.26	11.70

The Erawan Group PCL ROCE % Calculation

The Erawan Group 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 )
	=	1327.689	/	( ( (21711.812 - 1761.61)	+	(23674.931 - 3057.932) )	/ 2 )
	=	1327.689	/	( (19950.202	+	20616.999)	/ 2 )
	=	1327.689	/	20283.6005
	=	6.55 %

The Erawan Group 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 )
	=	2397.796	/	( ( (23674.931 - 3057.932)	+	(23907.039 - 3526.493) )	/ 2 )
	=	2397.796	/	( ( 20616.999	+	20380.546 )	/ 2 )
	=	2397.796	/	20498.7725
	=	11.70 %

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

The Erawan Group PCL (BKK:ERW) 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.

The Erawan Group PCL ROCE % Related Terms

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The Erawan Group PCL (BKK:ERW) Business Description

Industry

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Traded in Other Exchanges

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Address

Ploenchit Center, 2 Sukhumvit Soi 2 Road, 6th Floor, Klong Toey Subdistrict, Klong Toey District, Bangkok, THA, 10110

Website

http://www.theerawan.com

The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants.

The Erawan Group PCL (BKK:ERW) Headlines

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