Thai Steel Cable PCL (BKK:TSC) ROCE % : 9.25% (As of Sep. 2024)

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What is Thai Steel Cable 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. Thai Steel Cable PCL's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.25%.

Thai Steel Cable PCL ROCE % Historical Data

The historical data trend for Thai Steel Cable 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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Thai Steel Cable PCL ROCE % Chart

Thai Steel Cable PCL Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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5.17

14.22

12.80

16.82

17.62

Thai Steel Cable PCL 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															15.61	19.56	21.02	20.49	9.25

Thai Steel Cable PCL ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	299.848	/	( ( (2289.187 - 585.23)	+	(2215.264 - 515.085) )	/ 2 )
	=	299.848	/	( (1703.957	+	1700.179)	/ 2 )
	=	299.848	/	1702.068
	=	17.62 %

Thai Steel Cable PCL'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 )
	=	154.676	/	( ( (2101.963 - 457.111)	+	(2215.264 - 515.085) )	/ 2 )
	=	154.676	/	( ( 1644.852	+	1700.179 )	/ 2 )
	=	154.676	/	1672.5155
	=	9.25 %

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

Thai Steel Cable PCL (BKK:TSC) 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.

Thai Steel Cable PCL ROCE % Related Terms

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Thai Steel Cable PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Steel Cable PCL (BKK:TSC) » Definitions » ROCE %

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Address

700/737, Moo 1, Tambol Panthong, Amphur Panthong, Chonburi, THA, 20160

Website

https://www.tscpcl.com

Thai Steel Cable PCL is a Thailand-based company engaged in the manufacture and sales of control cables, parts, and equipment for vehicles and motorcycles. Its products are divided into three categories: Automobile control cables which include products like accelerator cables, door lock cables, fuel lid opener cables, hood release cables, parking brake cables, seat belt cables, transmission cables, and trunk opener cables; Motorcycle control cables which include brake cables, clutch cables, seat lock cables, speedometer cables, tachometer cables, and throttle cables, and Automobile window regulators. The company operates only in Thailand.