Syntec Construction PCL (BKK:SYNTEC) ROCE % : 6.76% (As of Dec. 2023)

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What is Syntec Construction 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. Syntec Construction PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.76%.

Syntec Construction PCL ROCE % Historical Data

The historical data trend for Syntec Construction 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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Syntec Construction PCL ROCE % Chart

Syntec Construction PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.92

4.06

2.32

-4.14

3.31

Syntec Construction 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															-5.86	1.44	2.20	2.97	6.76

Syntec Construction PCL ROCE % Calculation

Syntec Construction 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 )
	=	258.772	/	( ( (9755.624 - 1868.685)	+	(10802.369 - 3067.222) )	/ 2 )
	=	258.772	/	( (7886.939	+	7735.147)	/ 2 )
	=	258.772	/	7811.043
	=	3.31 %

Syntec Construction 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 )
	=	522.24	/	( ( (10104.148 - 2382.448)	+	(10802.369 - 3067.222) )	/ 2 )
	=	522.24	/	( ( 7721.7	+	7735.147 )	/ 2 )
	=	522.24	/	7728.4235
	=	6.76 %

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

Syntec Construction PCL (BKK:SYNTEC) 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.

Syntec Construction PCL ROCE % Related Terms

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Syntec Construction PCL (BKK:SYNTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Syntec Construction PCL (BKK:SYNTEC) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

555/7-11 Sukhumvit Soi 63 (Ekamai), Sukhumvit Road, Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.synteccon.com

Syntec Construction PCL is a Thailand based company, that engages in construction contracts and civil engineering works. It is engaged in the provision of construction and real estate services to government and private bureaus. It operates through the following businesses: Construction Business; Real estate development for Room Service or Service Apartment and Rental Business, and Operate the Management Business for Hotel, Service Apartment, and Other Properties. Its construction projects include infrastructure, institutional projects, residential buildings, commercial buildings, hotels, resorts, shopping malls and industrial construction.

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