Polynet PCL (BKK:POLY) ROCE % : 33.40% (As of Dec. 2023)

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What is Polynet 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. Polynet PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 33.40%.

Polynet PCL ROCE % Historical Data

The historical data trend for Polynet 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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Polynet PCL ROCE % Chart

Polynet PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

5.31

19.82

18.76

15.10

Polynet PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial						19.94	10.04	5.76	13.74	33.40

Polynet PCL ROCE % Calculation

Polynet 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 )
	=	214.226	/	( ( (1692.859 - 252.197)	+	(1565.895 - 169.739) )	/ 2 )
	=	214.226	/	( (1440.662	+	1396.156)	/ 2 )
	=	214.226	/	1418.409
	=	15.10 %

Polynet 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 )
	=	451.508	/	( ( (1484.217 - 176.439)	+	(1565.895 - 169.739) )	/ 2 )
	=	451.508	/	( ( 1307.778	+	1396.156 )	/ 2 )
	=	451.508	/	1351.967
	=	33.40 %

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

Polynet PCL (BKK:POLY) 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.

Polynet PCL ROCE % Related Terms

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Polynet PCL (BKK:POLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polynet PCL (BKK:POLY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Moo 11, Bangsaothong District, Bangsaothong Subdistrict, SamutPrakarn, THA, 10570

Website

https://www.polynet.co.th

Polynet PCL is engaged in the forming, manufacturing and distributing products related to rubber, plastic, silicone, molds for the automotive industry, medical tools and equipment and consumer products.