Salee Colour (BKK:COLOR) ROCE % : 2.34% (As of Mar. 2024)

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What is Salee Colour 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. Salee Colour's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.34%.

Salee Colour ROCE % Historical Data

The historical data trend for Salee Colour'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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Salee Colour ROCE % Chart

Salee Colour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.95

7.34

8.13

7.96

5.30

Salee Colour 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															-1.77	8.10	10.14	5.33	2.34

Salee Colour ROCE % Calculation

Salee Colour'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 )
	=	49.765	/	( ( (1414.473 - 469.867)	+	(1422.174 - 490.22) )	/ 2 )
	=	49.765	/	( (944.606	+	931.954)	/ 2 )
	=	49.765	/	938.28
	=	5.30 %

Salee Colour'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 )
	=	21.352	/	( ( (1422.174 - 490.22)	+	(1403.578 - 509.166) )	/ 2 )
	=	21.352	/	( ( 931.954	+	894.412 )	/ 2 )
	=	21.352	/	913.183
	=	2.34 %

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

Salee Colour (BKK:COLOR) 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.

Salee Colour ROCE % Related Terms

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Salee Colour (BKK:COLOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Salee Colour PLC (BKK:COLOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 858 Moo 2 Soi 1C/1, Bangpu Industrial Estate, Bangpumai, Muang Samutprakan, Samutprakan, THA, 10280

Website

https://www.saleecolour.com

Salee Colour PLC is principally engaged in the manufacture and distribution of pigment pellets and pigment powders. It manufactures high concentration color and additive masterbatch, ready to use the compound for serving all thermoplastic processes and applications. The company's operating segment includes Manufacturing and distribution of masterbatch and compound; Services render of manufacturing of masterbatch and compound; Manufacturing and distribution of fabricated plastic; Distribution of solar energy system parts and Solar energy system installation service.

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