Sermsang Power PCL (BKK:SSP) ROCE % : 6.47% (As of Dec. 2023)

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What is Sermsang Power 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. Sermsang Power PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.47%.

Sermsang Power PCL ROCE % Historical Data

The historical data trend for Sermsang Power 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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Sermsang Power PCL ROCE % Chart

Sermsang Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.50

8.23

8.14

10.19

8.05

Sermsang Power PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															6.50	9.05	8.52	8.33	6.47

Sermsang Power PCL ROCE % Calculation

Sermsang Power 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 )
	=	1580.927	/	( ( (21292.046 - 1173.475)	+	(21067.131 - 1886.762) )	/ 2 )
	=	1580.927	/	( (20118.571	+	19180.369)	/ 2 )
	=	1580.927	/	19649.47
	=	8.05 %

Sermsang Power 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 )
	=	1267.008	/	( ( (21846.204 - 1857.213)	+	(21067.131 - 1886.762) )	/ 2 )
	=	1267.008	/	( ( 19988.991	+	19180.369 )	/ 2 )
	=	1267.008	/	19584.68
	=	6.47 %

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

Sermsang Power PCL (BKK:SSP) 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.

Sermsang Power PCL ROCE % Related Terms

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Sermsang Power PCL (BKK:SSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sermsang Power Corporation PCL (BKK:SSP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300

Website

https://www.sermsang.com

Sermsang Power Corporation PCL is engaged in investment, consultancy, and provision of services for energy businesses to related parties. The company's operating segments are production and distribution of electricity from solar plants, Electricity distribution and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from a biomass power plant, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.