Srithai Superware PCL (BKK:SITHAI-F) ROCE % : 10.67% (As of Mar. 2024)

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What is Srithai Superware 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. Srithai Superware PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.67%.

Srithai Superware PCL ROCE % Historical Data

The historical data trend for Srithai Superware 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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Srithai Superware PCL ROCE % Chart

Srithai Superware PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.19

0.61

5.87

9.58

9.40

Srithai Superware 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															8.99	8.91	9.05	10.53	10.67

Srithai Superware PCL ROCE % Calculation

Srithai Superware 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 )
	=	512.637	/	( ( (8138.622 - 2713.007)	+	(7561.655 - 2078.267) )	/ 2 )
	=	512.637	/	( (5425.615	+	5483.388)	/ 2 )
	=	512.637	/	5454.5015
	=	9.40 %

Srithai Superware 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 )
	=	590.724	/	( ( (7561.655 - 2078.267)	+	(7601.914 - 2007.881) )	/ 2 )
	=	590.724	/	( ( 5483.388	+	5594.033 )	/ 2 )
	=	590.724	/	5538.7105
	=	10.67 %

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

Srithai Superware PCL (BKK:SITHAI-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.

Srithai Superware PCL ROCE % Related Terms

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Srithai Superware PCL (BKK:SITHAI-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Srithai Superware PCL (BKK:SITHAI-F) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SITHAI:Thailand

Address

15 Suksawat Road, Soi 36, Bangpakok, Rat Burana, Bangkok, THA, 10140

Website

https://www.srithaisuperware.com

Srithai Superware PCL is principally engaged in the manufacture and distribution of plastics products such as plastic products for household and plastic products for industry and the manufacture and distribution of moulds. The company's business is divided into a plastic business line, consisting of household products business unit and industrial products business unit, and moulds and others business line.

Srithai Superware PCL (BKK:SITHAI-F) Headlines

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