Chiangmai Frozen Foods PCL (BKK:CM) ROCE % : 6.78% (As of Sep. 2024)

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What is Chiangmai Frozen Foods 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. Chiangmai Frozen Foods PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.78%.

Chiangmai Frozen Foods PCL ROCE % Historical Data

The historical data trend for Chiangmai Frozen Foods 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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Chiangmai Frozen Foods PCL ROCE % Chart

Chiangmai Frozen Foods PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.84

0.06

-5.90

-2.75

7.53

Chiangmai Frozen Foods PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.65	10.35	5.50	10.73	6.78

Chiangmai Frozen Foods PCL ROCE % Calculation

Chiangmai Frozen Foods 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 )
	=	106.489	/	( ( (1634.493 - 260.526)	+	(1527.354 - 74.134) )	/ 2 )
	=	106.489	/	( (1373.967	+	1453.22)	/ 2 )
	=	106.489	/	1413.5935
	=	7.53 %

Chiangmai Frozen Foods PCL's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	99.104	/	( ( (1561.303 - 108.215)	+	(1525.44 - 56.827) )	/ 2 )
	=	99.104	/	( ( 1453.088	+	1468.613 )	/ 2 )
	=	99.104	/	1460.8505
	=	6.78 %

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

Chiangmai Frozen Foods PCL (BKK:CM) 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.

Chiangmai Frozen Foods PCL ROCE % Related Terms

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Chiangmai Frozen Foods PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chiangmai Frozen Foods PCL (BKK:CM) » Definitions » ROCE %

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CM-R:Thailand

Address

Surawongse road, 149/34, Floor 3rd-4th, Soi Anglo Plaza, Surawongse, Bangrak, Bangkok, THA, 10500

Website

https://www.cmfrozen.com

Chiangmai Frozen Foods PCL is a Thailand-based company. It is engaged in the business of manufacturing and exporting frozen vegetables. Its product line consists of Soybeans, Green beans, Sweet corn, Baby corn, and Mixed vegetables. Geographically, the company sells its products in Thailand and also exports it to other countries, of which key revenue is generated from the export sales.