Bangchak PCL (FRA:7BP1) ROCE % : 14.06% (As of Mar. 2024)

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What is Bangchak 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. Bangchak PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.06%.

Bangchak PCL ROCE % Historical Data

The historical data trend for Bangchak 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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Bangchak PCL ROCE % Chart

Bangchak PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.79

-4.39

11.32

17.58

11.03

Bangchak 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															16.55	6.25	26.82	-1.85	14.06

Bangchak PCL ROCE % Calculation

Bangchak 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 )
	=	656.418	/	( ( (6579.97 - 1299.249)	+	(8924.079 - 2303.685) )	/ 2 )
	=	656.418	/	( (5280.721	+	6620.394)	/ 2 )
	=	656.418	/	5950.5575
	=	11.03 %

Bangchak 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 )
	=	925.64	/	( ( (8924.079 - 2303.685)	+	(9018.342 - 2470.496) )	/ 2 )
	=	925.64	/	( ( 6620.394	+	6547.846 )	/ 2 )
	=	925.64	/	6584.12
	=	14.06 %

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

Bangchak PCL (FRA:7BP1) 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.

Bangchak PCL ROCE % Related Terms

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Bangchak PCL (FRA:7BP1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bangchak Corp PCL (FRA:7BP1) » Definitions » ROCE %

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BCP:Thailand

Address

Sukhumvit Road, 2098 M Tower Building, 8th Floor, Phra Kanong Tai, Phra Kanong, Bangkok, THA, 10260

Website

https://www.bangchak.co.th

Bangchak Corp PCL is a Thailand-based energy company that engages in petroleum refining. Crude oil for refining can be gathered from both domestic and international sources, and processed into a variety of petroleum products. Gasoline and diesel fuels are marketed to customers in the industrial, transport, aviation, marine, construction, and agriculture sectors. The company also offers petroleum products at its line of retail stations around Thailand. In addition to its refinery business, Bangchak produces power from solar farms, biomass energy, and petroleum exploration and production.

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