Sriracha Construction PCL (BKK:SRICHA) ROCE % : 73.70% (As of Mar. 2024)

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What is Sriracha Construction 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. Sriracha Construction PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 73.70%.

Sriracha Construction PCL ROCE % Historical Data

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

Sriracha Construction PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.87

9.52

20.04

4.61

9.04

Sriracha Construction 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															-7.82	-8.88	33.22	20.57	73.70

Sriracha Construction PCL ROCE % Calculation

Sriracha Construction 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 )
	=	171.31	/	( ( (2090.311 - 228.114)	+	(2511.753 - 583.723) )	/ 2 )
	=	171.31	/	( (1862.197	+	1928.03)	/ 2 )
	=	171.31	/	1895.1135
	=	9.04 %

Sriracha Construction 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 )
	=	1542.92	/	( ( (2511.753 - 583.723)	+	(2911.026 - 652.166) )	/ 2 )
	=	1542.92	/	( ( 1928.03	+	2258.86 )	/ 2 )
	=	1542.92	/	2093.445
	=	73.70 %

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

Sriracha Construction PCL (BKK:SRICHA) 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.

Sriracha Construction PCL ROCE % Related Terms

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Sriracha Construction PCL (BKK:SRICHA) Business Description

Industry

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Address

97 Moo 3, Surasak sub-district, Sriracha district, Chonburi, THA, 20110

Website

https://www.sricha.com

Sriracha Construction PCL engages in the construction business, machinery, and equipment rental, and consulting on architectural and engineering. The company provides construction services in the areas of mechanical, welding, equipment and vessels, ducts, steel fabrication, shutdown, piping, turbine and generator, tanks, structural steel, pipe rack and buildings, piping work and installation, civil construction, permanent and temporary facilities, as well as sandblasting, grit blasting, and painting services. It has a business presence in Thailand and Overseas countries, of which prime revenue is earned from domestic sales.

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