Smart Concrete PCL (BKK:SMART) ROCE % : 19.42% (As of Mar. 2024)

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What is Smart Concrete 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. Smart Concrete PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.42%.

Smart Concrete PCL ROCE % Historical Data

The historical data trend for Smart Concrete 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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Smart Concrete PCL ROCE % Chart

Smart Concrete PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.96

8.79

8.28

7.87

19.95

Smart Concrete 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															19.28	16.71	24.51	20.13	19.42

Smart Concrete PCL ROCE % Calculation

Smart Concrete 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 )
	=	135.829	/	( ( (746.644 - 99.998)	+	(821.403 - 106.262) )	/ 2 )
	=	135.829	/	( (646.646	+	715.141)	/ 2 )
	=	135.829	/	680.8935
	=	19.95 %

Smart Concrete 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 )
	=	141.524	/	( ( (821.403 - 106.262)	+	(842.563 - 100.299) )	/ 2 )
	=	141.524	/	( ( 715.141	+	742.264 )	/ 2 )
	=	141.524	/	728.7025
	=	19.42 %

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

Smart Concrete PCL (BKK:SMART) 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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Smart Concrete PCL (BKK:SMART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Smart Concrete PCL (BKK:SMART) » Definitions » ROCE %

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Address

11 Moo 9 Banbueng-Klaeng Road, Tambol Nong-Irun, Amphur Banbung, Chonburi Province, THA, 20220

Website

https://www.smartblock.co.th

Smart Concrete PCL is engaged in the manufacturing and sales of products relating to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products. The products are distributed under the trademarks of SMART and BLOCK-YEN. The company operates in Thailand.

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