Sirisoft PCL (BKK:SRS) ROCE % : 15.12% (As of Dec. 2023)

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What is Sirisoft 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. Sirisoft PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.12%.

Sirisoft PCL ROCE % Historical Data

The historical data trend for Sirisoft 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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Sirisoft PCL ROCE % Chart

Sirisoft PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

38.22

77.43

20.14

Sirisoft PCL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	127.46	43.58	77.40	15.12

Sirisoft PCL ROCE % Calculation

Sirisoft 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 )
	=	99.935	/	( ( (311.461 - 178.343)	+	(1134.24 - 275.167) )	/ 2 )
	=	99.935	/	( (133.118	+	859.073)	/ 2 )
	=	99.935	/	496.0955
	=	20.14 %

Sirisoft 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	78.586	/	( ( (442.908 - 262.648)	+	(1134.24 - 275.167) )	/ 2 )
	=	78.586	/	( ( 180.26	+	859.073 )	/ 2 )
	=	78.586	/	519.6665
	=	15.12 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Sirisoft PCL (BKK:SRS) 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.

Sirisoft PCL ROCE % Related Terms

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Sirisoft PCL (BKK:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sirisoft PCL (BKK:SRS) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ratchadaphisek Road, 15th Floor, 89 AIA Capital Center Building, Dindaeng district, Bangkok, THA, 10400

Website

https://www.sirisoft.co.th

Sirisoft PCL is company which is a IT service provider focusing on Database, Software Engineer and Application Integration, and Software Development. Their core business capabilities are to provide an end-to-end technology services from infrastructure architecture design and consulting, to a day-to-day operation, conduct monitoring, performance tuning, troubleshooting and pro-active maintenance services, based on technologies that specific to client's requirements.