Siam City Cement PCL (SGX:TSCD) ROCE % : 12.59% (As of Mar. 2024)

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What is Siam City Cement 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. Siam City Cement PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.59%.

Siam City Cement PCL ROCE % Historical Data

The historical data trend for Siam City Cement 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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Siam City Cement PCL ROCE % Chart

Siam City Cement PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.51

9.34

7.90

6.43

7.40

Siam City Cement 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															7.65	7.66	5.83	9.07	12.59

Siam City Cement PCL ROCE % Calculation

Siam City Cement 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 )
	=	159.985	/	( ( (2852.01 - 563.433)	+	(2654.185 - 616.029) )	/ 2 )
	=	159.985	/	( (2288.577	+	2038.156)	/ 2 )
	=	159.985	/	2163.3665
	=	7.40 %

Siam City Cement 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 )
	=	256.108	/	( ( (2654.185 - 616.029)	+	(2746.716 - 716.999) )	/ 2 )
	=	256.108	/	( ( 2038.156	+	2029.717 )	/ 2 )
	=	256.108	/	2033.9365
	=	12.59 %

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

Siam City Cement PCL (SGX:TSCD) 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.

Siam City Cement PCL ROCE % Related Terms

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Siam City Cement PCL (SGX:TSCD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Siam City Cement PCL (SGX:TSCD) » Definitions » ROCE %

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Traded in Other Exchanges

SCCC:Thailand

Address

Ratchadapisek Road, 199, 3rd, 10th - 12th Floor, Column Tower, Klongtoey, Bangkok, THA, 10110

Website

https://www.siamcitycement.com

Siam City Cement PCL is a Thailand-based company that produces cement-based building materials, wood replacement products, and lightweight concrete blocks through its subsidiaries. The company is composed of five segments: Cement, Concrete & Aggregates, Light Building Materials, Trading, and Other. Cement is the company's largest and most profitable segment, accounting for more than half of its revenue. It sells various cement types, namely Portland, Hydraulic, Mixed, and Masonry, that serve various building, bricklaying, and plastering purposes. The Trading segment, established in 2017, exports cement products and imports mineral components and solid fuel. The company's largest customers by total revenue are located in Thailand.

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