Unimit Engineering PCL (BKK:UEC) ROCE % : 7.22% (As of Mar. 2024)

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What is Unimit Engineering 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. Unimit Engineering PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.22%.

Unimit Engineering PCL ROCE % Historical Data

The historical data trend for Unimit Engineering 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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Unimit Engineering PCL ROCE % Chart

Unimit Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.00

3.10

0.99

-1.17

8.81

Unimit Engineering 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															4.05	17.82	14.82	-2.07	7.22

Unimit Engineering PCL ROCE % Calculation

Unimit Engineering 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 )
	=	115.988	/	( ( (1438.14 - 140.424)	+	(1476.758 - 142.432) )	/ 2 )
	=	115.988	/	( (1297.716	+	1334.326)	/ 2 )
	=	115.988	/	1316.021
	=	8.81 %

Unimit Engineering 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 )
	=	97.42	/	( ( (1476.758 - 142.432)	+	(1491.438 - 126.405) )	/ 2 )
	=	97.42	/	( ( 1334.326	+	1365.033 )	/ 2 )
	=	97.42	/	1349.6795
	=	7.22 %

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

Unimit Engineering PCL (BKK:UEC) 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.

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Unimit Engineering PCL (BKK:UEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Unimit Engineering PCL (BKK:UEC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

109/92-95, Moo 19, Suksawat Road, Tumbon Bangpueng, Soi Suksawat 66, Amphur Prapradaeng, Samutprakarn, THA, 10130

Website

https://www.unimit.com

Unimit Engineering PCL is engaged in designing, shop fabrication, field installation and erection of steel products and construction works such as pressurised equipment and vessel, non-pressure storage, mechanical parts and piping system. Its products include Pressure Vessels; Machinery Parts; Storage Tanks; Structure / Piping; and Mechanical Installation. The Group is principally engaged in steel products. Geographically, it operates domestically and exports, out of which the majority is from the domestic market.