Charoong Thai Wire & Cable PCL (BKK:CTW) ROCE % : 7.45% (As of Mar. 2024)

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What is Charoong Thai Wire & Cable 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. Charoong Thai Wire & Cable PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.45%.

Charoong Thai Wire & Cable PCL ROCE % Historical Data

The historical data trend for Charoong Thai Wire & Cable 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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Charoong Thai Wire & Cable PCL ROCE % Chart

Charoong Thai Wire & Cable PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.28

7.81

-10.83

1.40

-1.19

Charoong Thai Wire & Cable 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															-5.07	-12.10	4.65	7.99	7.45

Charoong Thai Wire & Cable PCL ROCE % Calculation

Charoong Thai Wire & Cable 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 )
	=	-51.235	/	( ( (6072.816 - 1554.671)	+	(6102.029 - 2040.77) )	/ 2 )
	=	-51.235	/	( (4518.145	+	4061.259)	/ 2 )
	=	-51.235	/	4289.702
	=	-1.19 %

Charoong Thai Wire & Cable 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 )
	=	313.844	/	( ( (6102.029 - 2040.77)	+	(5932.621 - 1564.558) )	/ 2 )
	=	313.844	/	( ( 4061.259	+	4368.063 )	/ 2 )
	=	313.844	/	4214.661
	=	7.45 %

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

Charoong Thai Wire & Cable PCL (BKK:CTW) 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.

Charoong Thai Wire & Cable PCL ROCE % Related Terms

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Charoong Thai Wire & Cable PCL (BKK:CTW) Business Description

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Traded in Other Exchanges

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Address

Debaratana Road, 589/71 Central City Tower, 12A Floor, North Bangna, Bangna, Bangkok, THA, 10260

Website

https://www.ctw.co.th

Charoong Thai Wire & Cable PCL is engaged in the manufacturing and distribution of electric wire and cables and telephone cables. The reportable segments of the company are the power cable segment which consists of aluminum conductor power cable, copper conductor power cable and high voltage power cable, communication cable segment, enameled and non-enameled wire segment which consist of enameled copper wire, enameled aluminum wire and non-enameled copper wire, and fiber optic cable segment. The company derives a majority of its revenue from the enameled and non-enameled wire segments.

Charoong Thai Wire & Cable PCL (BKK:CTW) Headlines

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