TPC Power Holding PCL (BKK:TPCH) ROCE % : 13.73% (As of Mar. 2024)

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What is TPC Power Holding 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. TPC Power Holding PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.73%.

TPC Power Holding PCL ROCE % Historical Data

The historical data trend for TPC Power Holding 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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TPC Power Holding PCL ROCE % Chart

TPC Power Holding PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.02

7.43

6.01

6.21

10.29

TPC Power Holding 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															10.28	6.71	10.13	14.26	13.73

TPC Power Holding PCL ROCE % Calculation

TPC Power Holding 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 )
	=	690.022	/	( ( (9258.311 - 1182.094)	+	(7741.008 - 2405.717) )	/ 2 )
	=	690.022	/	( (8076.217	+	5335.291)	/ 2 )
	=	690.022	/	6705.754
	=	10.29 %

TPC Power Holding 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 )
	=	754.448	/	( ( (7741.008 - 2405.717)	+	(7993.825 - 2338.565) )	/ 2 )
	=	754.448	/	( ( 5335.291	+	5655.26 )	/ 2 )
	=	754.448	/	5495.2755
	=	13.73 %

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

TPC Power Holding PCL (BKK:TPCH) 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.

TPC Power Holding PCL ROCE % Related Terms

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TPC Power Holding PCL (BKK:TPCH) Business Description

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Address

Prasertmanukit Road, 2 , 4 Prasertmanukit Soi 29 Yeak 8, Chaorakhaebua, Ladprao, Bangkok, THA, 10230

Website

https://www.tpcpower.co.th

TPC Power Holding PCL is engaged in the business of generating and distributing electricity from various types of renewable energy. and provide support services. Its projects consist of the biomass power plant and other renewable power plants. Pracharat Mae Lan Power Plant and Pracharat Bannang Sata Power Plant are the two biomass power plant projects. The company's operations are mainly conducted in Thailand.

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