SAF Special Steel PCL (BKK:SAF) ROCE % : 3.52% (As of Dec. 2023)

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What is SAF Special Steel 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. SAF Special Steel PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.52%.

SAF Special Steel PCL ROCE % Historical Data

The historical data trend for SAF Special Steel 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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SAF Special Steel PCL ROCE % Chart

SAF Special Steel PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

5.81

14.13

10.97

2.81

SAF Special Steel PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial				4.08	3.60	3.72	2.95	3.52

SAF Special Steel PCL ROCE % Calculation

SAF Special Steel 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 )
	=	6.317	/	( ( (310.474 - 155.811)	+	(404.147 - 108.87) )	/ 2 )
	=	6.317	/	( (154.663	+	295.277)	/ 2 )
	=	6.317	/	224.97
	=	2.81 %

SAF Special Steel PCL's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	10.392	/	( ( (420.233 - 124.606)	+	(404.147 - 108.87) )	/ 2 )
	=	10.392	/	( ( 295.627	+	295.277 )	/ 2 )
	=	10.392	/	295.452
	=	3.52 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

SAF Special Steel PCL (BKK:SAF) 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.

SAF Special Steel PCL ROCE % Related Terms

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SAF Special Steel PCL (BKK:SAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SAF Special Steel PCL (BKK:SAF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bangkhunthien-Chytalay road, 110 Thientalay 24, Ta-kam, Bankhunthien, Bangkok, THA, 10150

Website

https://www.saf.co.th

SAF Special Steel PCL is engaged in the sales and processing of special-grade steel for various industrial applications. The principal activities of the Company are import and distribution including steel products for industrial and distribution tooling, equipment parts and band saw machines and manufacture of molds & dies and vacuum hardening services.

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