Thai Metal Drum Manufacturing PCL (BKK:TMD) ROCE % : 10.43% (As of Mar. 2024)

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What is Thai Metal Drum Manufacturing 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 Metal Drum Manufacturing PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.43%.

Thai Metal Drum Manufacturing PCL ROCE % Historical Data

The historical data trend for Thai Metal Drum Manufacturing 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 Metal Drum Manufacturing PCL ROCE % Chart

Thai Metal Drum Manufacturing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.67

12.88

14.23

9.50

9.00

Thai Metal Drum Manufacturing PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.76	7.81	9.30	9.54	10.43

Thai Metal Drum Manufacturing PCL ROCE % Calculation

Thai Metal Drum Manufacturing 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 )
	=	314.361	/	( ( (3661.261 - 168.042)	+	(3641.09 - 149.731) )	/ 2 )
	=	314.361	/	( (3493.219	+	3491.359)	/ 2 )
	=	314.361	/	3492.289
	=	9.00 %

Thai Metal Drum Manufacturing 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 )
	=	369.492	/	( ( (3641.09 - 149.731)	+	(3749.429 - 157.909) )	/ 2 )
	=	369.492	/	( ( 3491.359	+	3591.52 )	/ 2 )
	=	369.492	/	3541.4395
	=	10.43 %

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

Thai Metal Drum Manufacturing PCL (BKK:TMD) 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.

Thai Metal Drum Manufacturing PCL ROCE % Related Terms

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Thai Metal Drum Manufacturing PCL (BKK:TMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Thai Metal Drum Manufacturing PCL (BKK:TMD) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

193/142 Rachadapisek Road, 35th Floor, Lake Rajada Office Complex, Klongtoey, Bangkok, THA, 10110

Website

https://www.thaimetaldrum.com

Thai Metal Drum Manufacturing PCL is a Thailand based metal drum manufacturing company. The firm is mainly engaged in the manufacturing and distribution of nearly 200-litre steel drums. Its products include Steel Drum, tight head drum and open head drum. It is also engaged in the manufacturing and distribution of Preform tubes, PET bottles, and Polypropylene (PP) corrugated sheets. The business operating segment includes Productions and Sales of Metal drums, Production and Sales of Plastic Products, Rental and service income and Others. Majority of revenue is generated from Productions and Sales of Metal drums. Substantial revenue is generated from Productions and Sales of Metal drums.

Thai Metal Drum Manufacturing PCL (BKK:TMD) Headlines

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