Union Plastic PCL (BKK:UP) ROCE % : 31.70% (As of Mar. 2024)

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What is Union Plastic 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 Plastic PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 31.70%.

Union Plastic PCL ROCE % Historical Data

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

Union Plastic PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.87

-5.00

-0.03

4.92

7.25

Union Plastic PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															33.74	-6.14	-4.32	5.90	31.70

Union Plastic PCL ROCE % Calculation

Union Plastic 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 )
	=	44.589	/	( ( (675.508 - 83.663)	+	(737.001 - 99.037) )	/ 2 )
	=	44.589	/	( (591.845	+	637.964)	/ 2 )
	=	44.589	/	614.9045
	=	7.25 %

Union Plastic PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	209.764	/	( ( (737.001 - 99.037)	+	(778.444 - 92.944) )	/ 2 )
	=	209.764	/	( ( 637.964	+	685.5 )	/ 2 )
	=	209.764	/	661.732
	=	31.70 %

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

Union Plastic PCL (BKK:UP) 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 Plastic PCL ROCE % Related Terms

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Union Plastic PCL (BKK:UP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Union Plastic PCL (BKK:UP) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

11/1 Soi Serithai 62, Minburi Sub-district, Minburi District, Bangkok, THA, 10510

Website

http://www.unionplastic.co.th

Union Plastic PCL is engaged in the manufacturing and distribution of thermoplastics. It is also involved in the contract manufacture and repair of molds. The reportable segments of company are Manufacture and distribution of thermoplastics and Contract manufacture and repair of molds. The group's operations are mainly conducted in Thailand. The group generates a majority of revenue from the manufacture and distribution of thermoplastics business.