STC Concrete Product (BKK:STC) ROCE % : 8.34% (As of Sep. 2024)

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What is STC Concrete Product 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. STC Concrete Product's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.34%.

STC Concrete Product ROCE % Historical Data

The historical data trend for STC Concrete Product'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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STC Concrete Product ROCE % Chart

STC Concrete Product Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.29

5.03

1.81

1.64

4.63

STC Concrete Product Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															3.15	1.44	0.77	4.30	8.34

STC Concrete Product ROCE % Calculation

STC Concrete Product'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 )
	=	21.664	/	( ( (673.863 - 206.174)	+	(793.958 - 326.239) )	/ 2 )
	=	21.664	/	( (467.689	+	467.719)	/ 2 )
	=	21.664	/	467.704
	=	4.63 %

STC Concrete Product's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	38.5	/	( ( (795.508 - 340.027)	+	(829.489 - 362.167) )	/ 2 )
	=	38.5	/	( ( 455.481	+	467.322 )	/ 2 )
	=	38.5	/	461.4015
	=	8.34 %

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

STC Concrete Product (BKK:STC) 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.

STC Concrete Product ROCE % Related Terms

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STC Concrete Product Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » STC Concrete Product PLC (BKK:STC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STC-R:Thailand

Address

220/26 Moo 6, Sukhumvit Road, Nakluea Subdistrict, Banglamung District, Chonburi Province, Pattaya, THA, 20150

Website

https://www.stc.co.th

STC Concrete Product PLC is engaged in the production and distribution of precast concrete products under the trademark STC CONCRETE. Its products portfolio includes ready mixed concrete, concrete drainage pipes, precast concrete slabs, prestressed concrete pile, lightweight gray brick block, and prefabricated fence panels. The company operates in only one reportable segment that is manufacture and sales of ready-mixed concrete and aggregate and the single geographical area of its operations in Thailand.