Indorama Ventures PCL (Indorama Ventures PCL) ROCE % : 5.98% (As of Mar. 2024)

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What is Indorama Ventures 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. Indorama Ventures PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.98%.

Indorama Ventures PCL ROCE % Historical Data

The historical data trend for Indorama Ventures 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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Indorama Ventures PCL ROCE % Chart

Indorama Ventures PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.49

3.06

11.14

12.40

0.44

Indorama Ventures 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															3.66	4.56	4.41	-11.54	5.98

Indorama Ventures PCL ROCE % Calculation

Indorama Ventures 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 )
	=	50.601	/	( ( (17943.989 - 5815.686)	+	(16870.071 - 5755.903) )	/ 2 )
	=	50.601	/	( (12128.303	+	11114.168)	/ 2 )
	=	50.601	/	11621.2355
	=	0.44 %

Indorama Ventures 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 )
	=	676.916	/	( ( (16870.071 - 5755.903)	+	(17451.469 - 5944.182) )	/ 2 )
	=	676.916	/	( ( 11114.168	+	11507.287 )	/ 2 )
	=	676.916	/	11310.7275
	=	5.98 %

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

Indorama Ventures PCL (OTCPK:INDOY) 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.

Indorama Ventures PCL ROCE % Related Terms

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Indorama Ventures PCL (Indorama Ventures PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indorama Ventures PCL (OTCPK:INDOY) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IVL:Thailand I93:Germany

Address

Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110

Website

https://www.indoramaventures.com

Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives, and Fibers. The maximum revenue is derived from the Combined PET segment.

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