General Engineering PCL (BKK:GEL-F) ROCE % : -0.04% (As of Mar. 2024)

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What is General Engineering 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. General Engineering PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.04%.

General Engineering PCL ROCE % Historical Data

The historical data trend for General Engineering 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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General Engineering PCL ROCE % Chart

General Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-4.35

-2.27

-0.78

-1.18

-3.21

General Engineering 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															-0.32	0.04	5.95	-16.15	-0.04

General Engineering PCL ROCE % Calculation

General Engineering 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 )
	=	-197.861	/	( ( (7065.489 - 2365.536)	+	(10538.321 - 2920.226) )	/ 2 )
	=	-197.861	/	( (4699.953	+	7618.095)	/ 2 )
	=	-197.861	/	6159.024
	=	-3.21 %

General Engineering 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 )
	=	-3.16	/	( ( (10538.321 - 2920.226)	+	(10340.333 - 2789.958) )	/ 2 )
	=	-3.16	/	( ( 7618.095	+	7550.375 )	/ 2 )
	=	-3.16	/	7584.235
	=	-0.04 %

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

General Engineering PCL (BKK:GEL-F) 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.

General Engineering PCL ROCE % Related Terms

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General Engineering PCL (BKK:GEL-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » General Engineering PCL (BKK:GEL-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GEL:Thailand

Address

44/2 Moo 2 Tivanont Road, Bangkadi, Muang Pathumthani, Pathumthani, Pathumthani, THA, 12000

Website

https://www.gel.co.th

General Engineering PCL is engaged in the manufacturing and selling of construction material, prestressed concrete piles, precast concrete, glass fiber reinforced concrete, cementation products and post- tensioned slab, prestressed spun concrete piles, the special qualified PC wire and PC Strand and providing the construction and installation services for such products. Its operating segments are Manufacturing and distribution of concrete products, which is the key revenue generating segment; Construction services; and Manufacturing and distribution of PC wire and PC strand. The company and its subsidiaries operate in Thailand only.

General Engineering PCL (BKK:GEL-F) Headlines

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