Bangchak Sriracha PCL (FRA:JAV) ROCE % : 10.91% (As of Mar. 2024)

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What is Bangchak Sriracha 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 Sriracha PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.91%.

Bangchak Sriracha PCL ROCE % Historical Data

The historical data trend for Bangchak Sriracha 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 Sriracha PCL ROCE % Chart

Bangchak Sriracha PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.81

-32.99

21.14

38.65

7.81

Bangchak Sriracha 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															-6.00	-18.16	57.43	-17.98	10.91

Bangchak Sriracha PCL ROCE % Calculation

Bangchak Sriracha 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 )
	=	87.23	/	( ( (2322.564 - 1347.367)	+	(1851.271 - 592.909) )	/ 2 )
	=	87.23	/	( (975.197	+	1258.362)	/ 2 )
	=	87.23	/	1116.7795
	=	7.81 %

Bangchak Sriracha 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 )
	=	135.308	/	( ( (1851.271 - 592.909)	+	(2059.763 - 836.839) )	/ 2 )
	=	135.308	/	( ( 1258.362	+	1222.924 )	/ 2 )
	=	135.308	/	1240.643
	=	10.91 %

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

Bangchak Sriracha PCL (FRA:JAV) 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 Sriracha PCL ROCE % Related Terms

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Bangchak Sriracha PCL (FRA:JAV) Business Description

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Traded in Other Exchanges

BSRC:Thailand

Address

3195/17-29 Rama IV Road, Klongton, Klong Toey District, Bangkok, THA, 10110

Website

https://www.esso.co.th

Bangchak Sriracha PCL Formerly Esso Thailand PCL is engaged in the refining and marketing of petroleum products, including a network of retail service stations. The company operates a refinery and chemical manufacturing plant in Sriracha, Thailand. It also operates distribution facilities and oil terminals throughout Thailand. Its products are sold through a network of retail service stations, directly to industrial customers, and through export. It is involved in the sale of chemical products to both domestic and overseas customers. Its products include Refined petroleum products, Lubricants and specialities, and Aromatics and chemicals. Its segments are Downstream which includes the refining and marketing of petroleum products and Petrochemicals.

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