Yong Concrete PCL (BKK:YONG) ROCE % : 20.05% (As of Dec. 2023)

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What is Yong Concrete 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. Yong Concrete PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.05%.

Yong Concrete PCL ROCE % Historical Data

The historical data trend for Yong Concrete 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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Yong Concrete PCL ROCE % Chart

Yong Concrete PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

10.63

13.44

14.93

16.76

Yong Concrete PCL Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial							16.80	14.97	14.69	18.29	20.05

Yong Concrete PCL ROCE % Calculation

Yong Concrete 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 )
	=	169.932	/	( ( (1333.333 - 299.573)	+	(1298.275 - 304.494) )	/ 2 )
	=	169.932	/	( (1033.76	+	993.781)	/ 2 )
	=	169.932	/	1013.7705
	=	16.76 %

Yong Concrete 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 )
	=	197.272	/	( ( (1306.785 - 332.773)	+	(1298.275 - 304.494) )	/ 2 )
	=	197.272	/	( ( 974.012	+	993.781 )	/ 2 )
	=	197.272	/	983.8965
	=	20.05 %

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

Yong Concrete PCL (BKK:YONG) 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.

Yong Concrete PCL ROCE % Related Terms

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Yong Concrete PCL (BKK:YONG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Yong Concrete PCL (BKK:YONG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

148/9 Moo 3, Wangkanai Subdistrict, Tha Muang District, Kanchanaburi, THA, 71110

Website

https://www.yongconcrete.co.th

Yong Concrete PCL manufactures and distributes precast concrete products such as precast structures, beams, columns and walls, precast concrete, fence, concrete power pole, stone edge, prestressed concrete pipe and prefabricated concrete slabs.

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