Khon Kaen Sugar Industry PCL (BKK:KSL) ROIC %: 2.54% (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:KSL Khon Kaen Sugar Industry PCL BKK:KSL
70 GF Score
Price ฿1.67
GF Value ฿2.03
Valuation Modestly Undervalued
! 12 Warning Signs
View Full Analysis

What is Khon Kaen Sugar Industry PCL ROIC %?

Khon Kaen Sugar Industry PCL BKK:KSL +4.38% 70 ROIC % is 2.54% as of Apr. 2026. GuruFocus rates BKK:KSL with a GF Score™ of 70/100 and a GF Value™ of ฿2.03 (Modestly Undervalued). The stock has 12 warning signs investors should review.

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Khon Kaen Sugar Industry PCL's annualized return on invested capital (ROIC %) for the quarter that ended in Apr. 2026 was 2.54%.

As of today (2026-07-24), Khon Kaen Sugar Industry PCL's WACC % is 3.90%. Khon Kaen Sugar Industry PCL's ROIC % is 1.62% (calculated using TTM income statement data). Khon Kaen Sugar Industry PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Khon Kaen Sugar Industry PCL  (BKK:KSL) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Khon Kaen Sugar Industry PCL's WACC % is 3.90%. Khon Kaen Sugar Industry PCL's ROIC % is 1.62% (calculated using TTM income statement data). Khon Kaen Sugar Industry PCL earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Khon Kaen Sugar Industry PCL ROIC % Related Terms


Khon Kaen Sugar Industry PCL ROIC % Historical Data

* Premium members only.

The historical data trend for Khon Kaen Sugar Industry PCL's ROIC % 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.

Khon Kaen Sugar Industry PCL ROIC % Chart

Khon Kaen Sugar Industry PCL Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 2.71 2.68 3.43 1.84

Khon Kaen Sugar Industry PCL Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROIC % 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 2.23 0.97 0.47 1.48 2.54

BKK:KSL vs MDLZ, HSY, TR: ROIC % Comparison

For the Confectioners subindustry, Khon Kaen Sugar Industry PCL's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Khon Kaen Sugar Industry PCL ROIC % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Khon Kaen Sugar Industry PCL's ROIC % distribution charts can be found below:

* The bar in red indicates where Khon Kaen Sugar Industry PCL's ROIC % falls into.


BKK:KSL
70GF Score
Khon Kaen Sugar Industry PCL BKK:KSL
ROIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khon Kaen Sugar Industry PCL ROIC % Calculation

Khon Kaen Sugar Industry PCL's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Oct. 2025 is calculated as:

ROIC % (A: Oct. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Oct. 2024 ) + Invested Capital (A: Oct. 2025 ))/ count )
=904.745 * ( 1 - 0% )/( (48454.792 + 49731.286)/ 2 )
=904.745/49093.039
=1.84 %

where

Invested Capital(A: Oct. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=43568.186 - 859.193 - ( 210.949 - max(0, 11357.487 - 5611.688+210.949))
=48454.792

Invested Capital(A: Oct. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=45528.483 - 746.197 - ( 230.457 - max(0, 11888.703 - 6939.703+230.457))
=49731.286

Khon Kaen Sugar Industry PCL's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Apr. 2026 is calculated as:

ROIC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=1457.016 * ( 1 - 8.06% )/( (50722.637 + 54711.991)/ 2 )
=1339.5805104/52717.314
=2.54 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=49175.958 - 2947.8 - ( 656.025 - max(0, 15216.009 - 10721.53+656.025))
=50722.637

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=52106.414 - 1109.583 - ( 355.126 - max(0, 17688.293 - 13973.133+355.126))
=54711.991

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data. The tax rate is limited to between 0% and 100%.

* 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 ROIC % →
What does a ROIC % of 2.54% mean?
Khon Kaen Sugar Industry PCL (BKK:KSL) has a ROIC % of 2.54% as of Apr. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Khon Kaen Sugar Industry PCL and its competitors.
Is Khon Kaen Sugar Industry PCL's ROIC % too high?
Khon Kaen Sugar Industry PCL's current ROIC % is 2.54%. The Consumer Packaged Goods industry median ROIC % is 5.22. Khon Kaen Sugar Industry PCL's value of 2.54% is 51.3% below this industry median. Overall, Khon Kaen Sugar Industry PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khon Kaen Sugar Industry PCL's ROIC % compare to MDLZ and HSY?
Khon Kaen Sugar Industry PCL's ROIC % of 2.54% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROIC % is 5.22. Khon Kaen Sugar Industry PCL's value of 2.54% is 51.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Consumer Packaged Goods company?
The median ROIC % among Consumer Packaged Goods companies is 5.22, based on 1,948 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Khon Kaen Sugar Industry PCL's current ROIC % of 2.54% is 51.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Khon Kaen Sugar Industry PCL and its competitors. For the Consumer Packaged Goods industry, the median ROIC % is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khon Kaen Sugar Industry PCL's current ROIC % is 2.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khon Kaen Sugar Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL (BKK:KSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.03, compared to a current price of ฿1.67 — trading 17.7% below its estimated fair value. The current ROIC % is 2.54% and 51.3% below the Consumer Packaged Goods industry median of 5.22. Khon Kaen Sugar Industry PCL's overall GF Score™ is 70/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Khon Kaen Sugar Industry PCL (BKK:KSL), the current ROIC % is 2.54% as of Apr. 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 Khon Kaen Sugar Industry PCL (BKK:KSL) Overvalued in 2026?

Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL stock appears to be undervalued. The current stock price of ฿1.67 is trading 17.7% below its estimated GF Value™ of ฿2.03. GuruFocus considers Khon Kaen Sugar Industry PCL to be Modestly Undervalued.

Key valuation signals for BKK:KSL:

  • ROIC %: 2.54%
  • GF Value™: ฿2.03 vs. price of ฿1.67 (17.7% below fair value)
  • GF Score™: 70/100 with 12 warning signs
  • Industry Position: 51.3% below the Consumer Packaged Goods median

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


Khon Kaen Sugar Industry PCL Business Description

Address Sriayudahya Road, No. 503 K.S.L. Tower, 9th Floor, Thanon Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol, which it sells to oil companies, and electricity, which it sells to the Electricity Generating Authority of Thailand (EGAT), a monopoly in Thailand's electrical energy market and the country's primary power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.
70GF Score

Get the complete analysis for BKK:KSL

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

฿1.67
Price
฿2.03
GF Value