POSCO-Thainox PCL (BKK:INOX) ROCE % : -3.80% (As of Dec. 2023)

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What is POSCO-Thainox 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. POSCO-Thainox PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.80%.

POSCO-Thainox PCL ROCE % Historical Data

The historical data trend for POSCO-Thainox 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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POSCO-Thainox PCL ROCE % Chart

POSCO-Thainox PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.53

-0.27

11.58

2.83

-0.86

POSCO-Thainox 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															-18.91	2.83	0.55	-3.13	-3.80

POSCO-Thainox PCL ROCE % Calculation

POSCO-Thainox 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 )
	=	-79.799	/	( ( (11611.154 - 2243.075)	+	(11618.286 - 2492.983) )	/ 2 )
	=	-79.799	/	( (9368.079	+	9125.303)	/ 2 )
	=	-79.799	/	9246.691
	=	-0.86 %

POSCO-Thainox 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 )
	=	-347.596	/	( ( (11136.785 - 1953.172)	+	(11618.286 - 2492.983) )	/ 2 )
	=	-347.596	/	( ( 9183.613	+	9125.303 )	/ 2 )
	=	-347.596	/	9154.458
	=	-3.80 %

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

POSCO-Thainox PCL (BKK:INOX) 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.

POSCO-Thainox PCL ROCE % Related Terms

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POSCO-Thainox PCL (BKK:INOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » POSCO-Thainox PCL (BKK:INOX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit Road, 622 Emporium Tower, Floor 15/6-8, Klongton, Klongtoey, Bangkok, THA, 10110

Website

http://www.poscothainox.com

POSCO-Thainox PCL is engaged in production and sales of cold-rolled stainless steel. Its products portfolio includes Austenitic Stainless Steel and Ferritic Stainless Steel. The company's products are used in Automotive and Transportation Parts, Electrical Home Appliances, Kitchenware, Food Processing and Medical Equipment, Heavy Industry, Energy and Environment, and Architecture, Building and Construction industries. Its segment consists of production and sale of cold-rolled stainless steel in the domestic market from where it earns the majority of the revenue.

POSCO-Thainox PCL (BKK:INOX) Headlines

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