Thai Union Feedmill PCL (BKK:TFM) ROCE % : 16.05% (As of Mar. 2024)

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What is Thai Union Feedmill 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. Thai Union Feedmill PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.05%.

Thai Union Feedmill PCL ROCE % Historical Data

The historical data trend for Thai Union Feedmill 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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Thai Union Feedmill PCL ROCE % Chart

Thai Union Feedmill PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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69.18

31.39

10.01

3.96

2.80

Thai Union Feedmill PCL Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial														-4.75	5.37	8.64	1.64	16.05

Thai Union Feedmill PCL ROCE % Calculation

Thai Union Feedmill 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 )
	=	73.658	/	( ( (3201.918 - 620.086)	+	(3320.699 - 634.302) )	/ 2 )
	=	73.658	/	( (2581.832	+	2686.397)	/ 2 )
	=	73.658	/	2634.1145
	=	2.80 %

Thai Union Feedmill 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 )
	=	441.356	/	( ( (3320.699 - 634.302)	+	(3451.106 - 638.398) )	/ 2 )
	=	441.356	/	( ( 2686.397	+	2812.708 )	/ 2 )
	=	441.356	/	2749.5525
	=	16.05 %

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

Thai Union Feedmill PCL (BKK:TFM) 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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Thai Union Feedmill PCL (BKK:TFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Feedmill PCL (BKK:TFM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000

Website

https://www.thaiunionfeedmill.com

Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically it exports to Pakistan and others and drives key revenue from Thailand.