Sri Trang Gloves Thailand PCL (SGX:STG) ROCE % : 6.53% (As of Dec. 2024)

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What is Sri Trang Gloves Thailand 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. Sri Trang Gloves Thailand PCL's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.53%.

Sri Trang Gloves Thailand PCL ROCE % Historical Data

The historical data trend for Sri Trang Gloves Thailand 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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Sri Trang Gloves Thailand PCL ROCE % Chart

Sri Trang Gloves Thailand PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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66.18

59.65

4.51

1.09

3.34

Sri Trang Gloves Thailand 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															-0.08	2.21	4.55	-0.16	6.53

Sri Trang Gloves Thailand PCL ROCE % Calculation

Sri Trang Gloves Thailand 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 )
	=	54.241	/	( ( (1773.879 - 168.23)	+	(1934.79 - 296.999) )	/ 2 )
	=	54.241	/	( (1605.649	+	1637.791)	/ 2 )
	=	54.241	/	1621.72
	=	3.34 %

Sri Trang Gloves Thailand 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 )
	=	104.396	/	( ( (1824.934 - 265.261)	+	(1934.79 - 296.999) )	/ 2 )
	=	104.396	/	( ( 1559.673	+	1637.791 )	/ 2 )
	=	104.396	/	1598.732
	=	6.53 %

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

Sri Trang Gloves Thailand PCL (SGX:STG) 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.

Sri Trang Gloves Thailand PCL ROCE % Related Terms

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Sri Trang Gloves Thailand PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sri Trang Gloves Thailand PCL (SGX:STG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

STGT:Thailand STGT-R:Thailand

Address

No. 110 Kanjanavanit Road, Pahtong, Hat Yai, Songkhla, THA, 90230

Website

https://www.sritranggloves.com

Sri Trang Gloves Thailand PCL manufactures and distributes rubber gloves. The company manufactures natural latex and nitrile examination gloves as well as general-purpose disposable gloves, both powdered and powder-free. There are two reportable segments such as Gloves and Other businesses. Gloves segment which also generates the majority of the revenue, manufactures and sells powdered, powder-free, and nitrile latex gloves. The other businesses segment includes the Engineering business which is engaged in the engineering services including research and development of machinery and production processes, and also providing information system services and the Financial asset management and financial investment. Operates in Asia, North America, South America, Europe.