Tong Hua Holdings PCL (BKK:TH) ROCE % : -3.31% (As of Dec. 2023)

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What is Tong Hua Holdings 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. Tong Hua Holdings PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.31%.

Tong Hua Holdings PCL ROCE % Historical Data

The historical data trend for Tong Hua Holdings 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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Tong Hua Holdings PCL ROCE % Chart

Tong Hua Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.93

2.30

8.60

14.81

7.22

Tong Hua Holdings 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															-4.48	8.48	10.26	14.00	-3.31

Tong Hua Holdings PCL ROCE % Calculation

Tong Hua Holdings 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 )
	=	117.348	/	( ( (1627.375 - 48.101)	+	(1711.92 - 39.082) )	/ 2 )
	=	117.348	/	( (1579.274	+	1672.838)	/ 2 )
	=	117.348	/	1626.056
	=	7.22 %

Tong Hua Holdings 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 )
	=	-55.5	/	( ( (1727.891 - 43.843)	+	(1711.92 - 39.082) )	/ 2 )
	=	-55.5	/	( ( 1684.048	+	1672.838 )	/ 2 )
	=	-55.5	/	1678.443
	=	-3.31 %

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

Tong Hua Holdings PCL (BKK:TH) 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.

Tong Hua Holdings PCL ROCE % Related Terms

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Tong Hua Holdings PCL (BKK:TH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tong Hua Holdings PCL (BKK:TH) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100

Website

https://www.thaizhonghua.com

Tong Hua Holdings PCL operates as an investment company. It is organized into business segments namely Producing and Distributing Newspaper, Publishing, and Providing Printing Service; Space rental for product and service business; Investment Business; and Providing Short-Term Funds in Forms of Factoring, Loans and Asset management.