TPI Polene Power PCL (BKK:TPIPP) ROCE % : 7.07% (As of Dec. 2023)

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What is TPI Polene Power 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. TPI Polene Power PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.07%.

TPI Polene Power PCL ROCE % Historical Data

The historical data trend for TPI Polene Power 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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TPI Polene Power PCL ROCE % Chart

TPI Polene Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.99

13.35

11.06

6.55

7.76

TPI Polene Power 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															4.98	8.92	7.34	7.14	7.07

TPI Polene Power PCL ROCE % Calculation

TPI Polene Power 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 )
	=	3817.975	/	( ( (50579.373 - 5115.055)	+	(59767.175 - 6791.053) )	/ 2 )
	=	3817.975	/	( (45464.318	+	52976.122)	/ 2 )
	=	3817.975	/	49220.22
	=	7.76 %

TPI Polene Power 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 )
	=	3569.388	/	( ( (57307.418 - 9364.555)	+	(59767.175 - 6791.053) )	/ 2 )
	=	3569.388	/	( ( 47942.863	+	52976.122 )	/ 2 )
	=	3569.388	/	50459.4925
	=	7.07 %

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

TPI Polene Power PCL (BKK:TPIPP) 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.

TPI Polene Power PCL ROCE % Related Terms

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TPI Polene Power PCL (BKK:TPIPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » TPI Polene Power PCL (BKK:TPIPP) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Chan Tat Mai Road, 26/56, TPI Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

http://www.tpipolenepower.co.th

TPI Polene Power PCL is engaged in manufacturing and distributing electricity and refuse-derived fuel, organics waste and distributing diesel and natural gas. The company is engaged in two segments which are Energy and utilities, Petrol and gas stations. Geographically, the company operates in Thailand.

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