Grande Asset Hotels And Property PCL (BKK:GRAND) ROCE % : 3.17% (As of Dec. 2023)

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What is Grande Asset Hotels And Property 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. Grande Asset Hotels And Property PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.17%.

Grande Asset Hotels And Property PCL ROCE % Historical Data

The historical data trend for Grande Asset Hotels And Property 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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Grande Asset Hotels And Property PCL ROCE % Chart

Grande Asset Hotels And Property PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.25

-6.92

-12.51

-1.84

1.06

Grande Asset Hotels And Property 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	0.95	1.18	-0.90	3.17

Grande Asset Hotels And Property PCL ROCE % Calculation

Grande Asset Hotels And Property 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 )
	=	136.153	/	( ( (18300.401 - 4321.836)	+	(18266.162 - 6565.728) )	/ 2 )
	=	136.153	/	( (13978.565	+	11700.434)	/ 2 )
	=	136.153	/	12839.4995
	=	1.06 %

Grande Asset Hotels And Property 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 )
	=	366.712	/	( ( (17876.962 - 6460.859)	+	(18266.162 - 6565.728) )	/ 2 )
	=	366.712	/	( ( 11416.103	+	11700.434 )	/ 2 )
	=	366.712	/	11558.2685
	=	3.17 %

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

Grande Asset Hotels And Property PCL (BKK:GRAND) 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.

Grande Asset Hotels And Property PCL ROCE % Related Terms

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Grande Asset Hotels And Property PCL (BKK:GRAND) Business Description

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Comparable Companies

Traded in Other Exchanges

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Address

Sukhumvit Road, Room No 3203-4 32nd Floor, 388, Exchange Tower Building, Klongtoey Sub-district, Klongtoey District, Bangkok, THA, 10110

Website

https://www.grandeasset.com

Grande Asset Hotels And Property PCL is a company. operates in the hotel industry. Its operating segments include Hotel business; Rental business, and Property development business., of which prime revenue is derived from the Hotel business segment. The company focuses its business and long-term investment in hotels that are international and globally managed brands and real estate development. Its property portfolio includes Sheraton Hua Hin Pranburi Villas, Sheraton Hua Hin Resort & Spa Hotel, The Westin Grande Sukhumvit, Hyde Sukhumvit Condominium, Hua Hin Blue Lagoon Resort, and The Trendy Condominium.

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