Asia Metal PCL (BKK:AMC) ROCE % : 17.70% (As of Dec. 2023)

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What is Asia Metal 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. Asia Metal PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.70%.

Asia Metal PCL ROCE % Historical Data

The historical data trend for Asia Metal 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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Asia Metal PCL ROCE % Chart

Asia Metal PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.33

9.26

42.37

-1.32

17.84

Asia Metal 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															2.67	27.06	14.01	13.54	17.70

Asia Metal PCL ROCE % Calculation

Asia Metal 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 )
	=	569.391	/	( ( (4377.002 - 1434.656)	+	(5141.974 - 1702.35) )	/ 2 )
	=	569.391	/	( (2942.346	+	3439.624)	/ 2 )
	=	569.391	/	3190.985
	=	17.84 %

Asia Metal 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 )
	=	591.032	/	( ( (4824.533 - 1586.032)	+	(5141.974 - 1702.35) )	/ 2 )
	=	591.032	/	( ( 3238.501	+	3439.624 )	/ 2 )
	=	591.032	/	3339.0625
	=	17.70 %

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

Asia Metal PCL (BKK:AMC) 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.

Asia Metal PCL ROCE % Related Terms

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Asia Metal PCL (BKK:AMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Metal PCL (BKK:AMC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55, 55/1 Moo 2 Soi Watnamdaeng Srinakarin Road, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540

Website

https://www.asiametal.co.th

Asia Metal PCL is engaged in producing and selling of processed steel products. Its subsidiaries operate to produce and provide steel cutting and modifying service and the another operates to produce and sell of processed steel products. Its products include coil rolls, pipes, bars, and tubes. It derives revenue from producing and selling of processed steel products and providing steel cutting and modifying service in Thailand.