Varopakorn PCL (BKK:VARO) ROCE %: 25.07% (As of Mar. 2026)


BKK:VARO Varopakorn PCL BKK:VARO
67 GF Score
Price ฿3.98
GF Value ฿3.93
Valuation Fairly Valued
! 8 Warning Signs
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What is Varopakorn PCL ROCE %?

Varopakorn PCL BKK:VARO 67 ROCE % is 25.07% as of Mar. 2026. GuruFocus rates BKK:VARO with a GF Score™ of 67/100 and a GF Value™ of ฿3.93 (Fairly Valued). The stock has 8 warning signs investors should review.

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. Varopakorn PCL's annualized ROCE % for the quarter that ended in Mar. 2026 was 25.07%.

Varopakorn PCL  (BKK:VARO) 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.

Varopakorn PCL ROCE % Related Terms

Varopakorn PCL ROCE % Historical Data

* Premium members only.

The historical data trend for Varopakorn 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.

Varopakorn PCL ROCE % Chart

Varopakorn PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.04 -2.27 -5.82 19.57 10.71

Varopakorn PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.46 3.68 -3.18 11.07 25.07
BKK:VARO
67GF Score
Varopakorn PCL BKK:VARO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Varopakorn PCL ROCE % Calculation

Varopakorn PCL's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=110.858/( ( (2506.315 - 1513.874) + (2188.129 - 1110.607) )/ 2 )
=110.858/( (992.441+1077.522)/ 2 )
=110.858/1034.9815
=10.71 %

Varopakorn PCL's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=277.08/( ( (2188.129 - 1110.607) + (2414.569 - 1281.432) )/ 2 )
=277.08/( ( 1077.522 + 1133.137 )/ 2 )
=277.08/1105.3295
=25.07 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 25.07% mean?
Varopakorn PCL (BKK:VARO) has a ROCE % of 25.07% as of Mar. 2026.
Is Varopakorn PCL's ROCE % too high?
Varopakorn PCL's current ROCE % is 25.07%. Overall, Varopakorn PCL has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Varopakorn PCL's ROCE % compare to AA and CENX?
Varopakorn PCL's ROCE % of 25.07% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Metals & Mining company?
A good ROCE % depends on the Metals & Mining industry context. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. Varopakorn PCL's current ROCE % is 25.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Varopakorn PCL stock overvalued right now?
Based on GuruFocus' analysis, Varopakorn PCL (BKK:VARO) is currently considered Fairly Valued. The stock's GF Value™ is ฿3.93, compared to a current price of ฿3.98 — trading 1.3% above its estimated fair value. The current ROCE % is 25.07%. Varopakorn PCL's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Varopakorn PCL (BKK:VARO), the current ROCE % is 25.07% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Varopakorn PCL (BKK:VARO) Overvalued in 2026?

Based on GuruFocus' analysis, Varopakorn PCL stock appears to be overvalued. The current stock price of ฿3.98 is trading 1.3% above its estimated GF Value™ of ฿3.93. GuruFocus considers Varopakorn PCL to be Fairly Valued.

Key valuation signals for BKK:VARO:

  • ROCE %: 25.07%
  • GF Value™: ฿3.93 vs. price of ฿3.98 (1.3% above fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the BKK:VARO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Varopakorn PCL Business Description

Address 181 Soi Amorn, Nanglinchee Road, Chongnonsri, Yannawa, Bangkok, THA, 10120
Varopakorn PCL is engaged in the manufacturing and distribution of semi-finished aluminum products in Thailand. Its Aluminium rolled products have been developed to be of standard quality and a wider range, such as Bare Finstock, Precoated Finstock, Capstocks, Foil, Coil, Sheet, and Automotive Fin. It generates revenue from Thailand, Asia, America, Europe, and Oceania.
67GF Score

Get the complete analysis for BKK:VARO

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿3.98
Price
฿3.93
GF Value