Successmore Being PCL (BKK:SCM) ROCE % : 15.66% (As of Dec. 2023)

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What is Successmore Being 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. Successmore Being PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.66%.

Successmore Being PCL ROCE % Historical Data

The historical data trend for Successmore Being 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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Successmore Being PCL ROCE % Chart

Successmore Being PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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27.08

16.89

35.73

26.43

15.18

Successmore Being PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															22.54	14.26	16.43	14.29	15.66

Successmore Being PCL ROCE % Calculation

Successmore Being 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 )
	=	119.286	/	( ( (984.606 - 163.468)	+	(887.59 - 136.798) )	/ 2 )
	=	119.286	/	( (821.138	+	750.792)	/ 2 )
	=	119.286	/	785.965
	=	15.18 %

Successmore Being 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 )
	=	116.964	/	( ( (887.58 - 144.8)	+	(887.59 - 136.798) )	/ 2 )
	=	116.964	/	( ( 742.78	+	750.792 )	/ 2 )
	=	116.964	/	746.786
	=	15.66 %

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

Successmore Being PCL (BKK:SCM) 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.

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Successmore Being PCL (BKK:SCM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Successmore Being PCL (BKK:SCM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10/1-2 Rachadaphisek Road, Chatuchak sub-district, Chatuchak district, Bangkok, THA, 10900

Website

https://www.successmore.com

Successmore Being PCL is engaged in operating the business of manufacturing and direct sales of cosmetic, equipment and tools for beauty, food supplements, and consumption goods including agricultural goods. Its products include NUTRINAL; BODY CHEER; NEATLY HOME; S MONE'; GROWING MORE; and SMART CREATION, among others. Its segments include Multi-Level Marketing; Distributor Sales; and Rendering Services.