Primo Service Solutions PCL (BKK:PRI) ROCE % : 21.87% (As of Mar. 2024)

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What is Primo Service Solutions 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. Primo Service Solutions PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.87%.

Primo Service Solutions PCL ROCE % Historical Data

The historical data trend for Primo Service Solutions 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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Primo Service Solutions PCL ROCE % Chart

Primo Service Solutions PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17,839.07

19,121.62

149.93

36.51

27.75

Primo Service Solutions PCL Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											28.73	27.75	29.16	24.74	21.87

Primo Service Solutions PCL ROCE % Calculation

Primo Service Solutions 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 )
	=	467.221	/	( ( (1635.844 - 146.341)	+	(2490.524 - 612.576) )	/ 2 )
	=	467.221	/	( (1489.503	+	1877.948)	/ 2 )
	=	467.221	/	1683.7255
	=	27.75 %

Primo Service Solutions 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 )
	=	418.936	/	( ( (2490.524 - 612.576)	+	(2572.253 - 619.282) )	/ 2 )
	=	418.936	/	( ( 1877.948	+	1952.971 )	/ 2 )
	=	418.936	/	1915.4595
	=	21.87 %

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

Primo Service Solutions PCL (BKK:PRI) 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.

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Primo Service Solutions PCL (BKK:PRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Primo Service Solutions PCL (BKK:PRI) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tambon Samrong Nuea,, 496 Moo 9, Amphoe Mueang Samut Prakan, Samut Prakan, THA, 10270

Website

https://www.primo.co.th

Primo Service Solutions PCL is engaged in property management services The company's business operations are divided into different service groups which are property management & sole agent, construction & project management, and wyde interior and cleaning services. A majority of the company's revenue is derived from Thailand.