Inoue Rubber (Thailand) PCL (BKK:IRC-F) ROCE % : 9.19% (As of Mar. 2024)

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What is Inoue Rubber (Thailand) 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. Inoue Rubber (Thailand) PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.19%.

Inoue Rubber (Thailand) PCL ROCE % Historical Data

The historical data trend for Inoue Rubber (Thailand) 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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Inoue Rubber (Thailand) PCL ROCE % Chart

Inoue Rubber (Thailand) PCL Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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5.15

6.85

10.37

2.93

4.08

Inoue Rubber (Thailand) 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															6.29	2.98	5.40	5.39	9.19

Inoue Rubber (Thailand) PCL ROCE % Calculation

Inoue Rubber (Thailand) PCL's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	170.134	/	( ( (5272.35 - 1153.22)	+	(5032.498 - 804.359) )	/ 2 )
	=	170.134	/	( (4119.13	+	4228.139)	/ 2 )
	=	170.134	/	4173.6345
	=	4.08 %

Inoue Rubber (Thailand) 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 )
	=	393.628	/	( ( (4975.065 - 697.938)	+	(4975.559 - 688.251) )	/ 2 )
	=	393.628	/	( ( 4277.127	+	4287.308 )	/ 2 )
	=	393.628	/	4282.2175
	=	9.19 %

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

Inoue Rubber (Thailand) PCL (BKK:IRC-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.

Inoue Rubber (Thailand) PCL ROCE % Related Terms

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Inoue Rubber (Thailand) PCL (BKK:IRC-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inoue Rubber (Thailand) PCL (BKK:IRC-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

IRC:Thailand

Address

No. 258, Soi Rangsit-Nakornnayok 49, Prachathipat Sub-district, Thanyaburi District, Pathumthani, THA, 12130

Website

https://www.ircthailand.com

Inoue Rubber (Thailand) PCL is principally engaged in the manufacture and distribution of Automotive Elastomer Products, motorcycle tires, tubes, and industrial elastomer rubber parts. Geographically, it derives a majority of its revenue from Thailand. The company's reportable segments includes geographical areas that are Local and Export, out of which key revenue is generated from Local Segment. Its products involve Automotive Elastomer Products, Motorcycle Tires and Tubes and Industrial Elastomer Parts.

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