Thai Sugar Terminal PCL (BKK:TSTE) ROCE % : 3.76% (As of Dec. 2023)

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What is Thai Sugar Terminal 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 Sugar Terminal PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.76%.

Thai Sugar Terminal PCL ROCE % Historical Data

The historical data trend for Thai Sugar Terminal 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 Sugar Terminal PCL ROCE % Chart

Thai Sugar Terminal PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.56

5.06

5.46

5.71

5.03

Thai Sugar Terminal 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															2.78	7.71	5.62	3.00	3.76

Thai Sugar Terminal PCL ROCE % Calculation

Thai Sugar Terminal 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 )
	=	223.504	/	( ( (5994.424 - 1550.495)	+	(5685.24 - 1250.596) )	/ 2 )
	=	223.504	/	( (4443.929	+	4434.644)	/ 2 )
	=	223.504	/	4439.2865
	=	5.03 %

Thai Sugar Terminal 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 )
	=	165.636	/	( ( (5982.892 - 1605.614)	+	(5685.24 - 1250.596) )	/ 2 )
	=	165.636	/	( ( 4377.278	+	4434.644 )	/ 2 )
	=	165.636	/	4405.961
	=	3.76 %

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

Thai Sugar Terminal PCL (BKK:TSTE) 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 Sugar Terminal PCL ROCE % Related Terms

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Thai Sugar Terminal PCL (BKK:TSTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Sugar Terminal PCL (BKK:TSTE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

90 Moo 1, Soi Siamsilo, Poochaosamingprai Road, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130

Website

https://www.tstegroup.com

Thai Sugar Terminal PCL is engaged in the businesses relating to transfer and transportation services for sugar and certain agriculture products, land rental, warehouse and other assets rental, land trading operation, land lots appropriation and construction of buildings on land for sale, rental office and commercial units.

Thai Sugar Terminal PCL (BKK:TSTE) Headlines

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