Thai Vegetable Oil PCL (BKK:TVO) ROCE % : 14.51% (As of Mar. 2024)

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What is Thai Vegetable Oil 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 Vegetable Oil PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.51%.

Thai Vegetable Oil PCL ROCE % Historical Data

The historical data trend for Thai Vegetable Oil 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 Vegetable Oil PCL ROCE % Chart

Thai Vegetable Oil PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.93

22.61

26.56

19.51

8.82

Thai Vegetable Oil 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															6.10	1.69	12.42	15.90	14.51

Thai Vegetable Oil PCL ROCE % Calculation

Thai Vegetable Oil 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 )
	=	948.406	/	( ( (18417.432 - 7594.949)	+	(13076.075 - 2397.845) )	/ 2 )
	=	948.406	/	( (10822.483	+	10678.23)	/ 2 )
	=	948.406	/	10750.3565
	=	8.82 %

Thai Vegetable Oil 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 )
	=	1572.26	/	( ( (13076.075 - 2397.845)	+	(14748.675 - 3753.668) )	/ 2 )
	=	1572.26	/	( ( 10678.23	+	10995.007 )	/ 2 )
	=	1572.26	/	10836.6185
	=	14.51 %

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

Thai Vegetable Oil PCL (BKK:TVO) 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 Vegetable Oil PCL ROCE % Related Terms

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Thai Vegetable Oil PCL (BKK:TVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Vegetable Oil PCL (BKK:TVO) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

TVTB:Germany

Address

149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600

Website

http://www.tvothai.com

Thai Vegetable Oil PCL manufactures and distributes products both in the domestic and International markets. Its product categories are meal and edible oil. The company has three reportable segments namely, the manufacture and distribution of products from the soybean segment, which is the manufacture and distribution of soy meal and soybean oil, the manufacture and distribution of packaging products, and Other segment, which is the distribution of consumer products. The company operates in Thailand only.

Thai Vegetable Oil PCL (BKK:TVO) Headlines

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