Union Petrochemical PCL (BKK:UKEM) ROCE % : 6.88% (As of Dec. 2023)

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What is Union Petrochemical 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. Union Petrochemical PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.88%.

Union Petrochemical PCL ROCE % Historical Data

The historical data trend for Union Petrochemical 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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Union Petrochemical PCL ROCE % Chart

Union Petrochemical PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.30

10.72

14.29

-5.05

6.83

Union Petrochemical PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-28.82	18.33	-6.72	9.81	6.88

Union Petrochemical PCL ROCE % Calculation

Union Petrochemical 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 )
	=	66.251	/	( ( (2051.709 - 988.643)	+	(1684.406 - 806.347) )	/ 2 )
	=	66.251	/	( (1063.066	+	878.059)	/ 2 )
	=	66.251	/	970.5625
	=	6.83 %

Union Petrochemical 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	60.292	/	( ( (1570.559 - 695.894)	+	(1684.406 - 806.347) )	/ 2 )
	=	60.292	/	( ( 874.665	+	878.059 )	/ 2 )
	=	60.292	/	876.362
	=	6.88 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Union Petrochemical PCL (BKK:UKEM) 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.

Union Petrochemical PCL ROCE % Related Terms

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Union Petrochemical PCL (BKK:UKEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Union Petrochemical PCL (BKK:UKEM) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

728 Union House Building, Boromrachachonnee Road, Kwang Bangbumru, Khet Bangplad, Bangkok, THA, 10700

Website

https://www.unionpetrochemical.com

Union Petrochemical PCL is principally engaged in the import and distribution of chemical products. The company is organized into three reportable segments: Commodity Chemicals segment, Specialty Chemicals segment and Other segment. Some of its products are Methanol, Iso propyl alcohol, iso butyl alcohol, N-Butanol, Solvents 3040, Toluene, Mixed Xylene, Solvesso 100 Fluid, Solvesso 150 fluid, Solvesso 150 fluid, Butyl Acetate, Ethyl Acetate and Butyl, among others. The company has diversified to logistics and storage sector. The group operates solely in Thailand and derives key revenue from the Commodity chemicals segment.

Union Petrochemical PCL (BKK:UKEM) Headlines

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