TMT Steel PCL (BKK:TMT) ROCE % : 0.15% (As of Dec. 2024)

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What is TMT Steel 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. TMT Steel PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.15%.

TMT Steel PCL ROCE % Historical Data

The historical data trend for TMT Steel 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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TMT Steel PCL ROCE % Chart

TMT Steel PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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18.31

42.05

7.96

12.08

3.01

TMT Steel PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															5.91	12.55	8.52	-11.08	0.15

TMT Steel PCL ROCE % Calculation

TMT Steel PCL's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	125.67	/	( ( (8941.077 - 4329.8)	+	(8699.718 - 4957.402) )	/ 2 )
	=	125.67	/	( (4611.277	+	3742.316)	/ 2 )
	=	125.67	/	4176.7965
	=	3.01 %

TMT Steel PCL's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	5.712	/	( ( (9701.868 - 5728.093)	+	(8699.718 - 4957.402) )	/ 2 )
	=	5.712	/	( ( 3973.775	+	3742.316 )	/ 2 )
	=	5.712	/	3858.0455
	=	0.15 %

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

TMT Steel PCL (BKK:TMT) 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.

TMT Steel PCL ROCE % Related Terms

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TMT Steel PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMT Steel PCL (BKK:TMT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

South Sathorn Road, 22nd Floor, 179 Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.tmtsteel.co.th

TMT Steel PCL operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled steel, plate steel, slit steel coil, flat iron, steel pipe, round steel bar, and others. In addition, it also provides steel processing and cold-forming services. Geographically all the business activity functions through the region of Thailand.

TMT Steel PCL Headlines

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