Chow Steel Industries PCL (BKK:CHOW) ROCE % : 16.59% (As of Mar. 2024)

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What is Chow Steel Industries 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. Chow Steel Industries PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.59%.

Chow Steel Industries PCL ROCE % Historical Data

The historical data trend for Chow Steel Industries 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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Chow Steel Industries PCL ROCE % Chart

Chow Steel Industries PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.02

-3.34

2.52

87.27

24.89

Chow Steel Industries 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															4.55	3.12	63.56	22.53	16.59

Chow Steel Industries PCL ROCE % Calculation

Chow Steel Industries 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 )
	=	554.614	/	( ( (4671.154 - 2536.355)	+	(3378.287 - 1055.857) )	/ 2 )
	=	554.614	/	( (2134.799	+	2322.43)	/ 2 )
	=	554.614	/	2228.6145
	=	24.89 %

Chow Steel Industries 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 )
	=	392.764	/	( ( (3378.287 - 1055.857)	+	(3809.899 - 1396.653) )	/ 2 )
	=	392.764	/	( ( 2322.43	+	2413.246 )	/ 2 )
	=	392.764	/	2367.838
	=	16.59 %

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

Chow Steel Industries PCL (BKK:CHOW) 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.

Chow Steel Industries PCL ROCE % Related Terms

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Chow Steel Industries PCL (BKK:CHOW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chow Steel Industries PCL (BKK:CHOW) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

2525 FYI Center, Rama 4 Road, Tower 2, 10th Floor, Unit 2/1007-1008, Khlongtoei Sub-district, Khlongtoei District, Bangkok, THA, 10110

Website

http://www.chowsteel.com

Chow Steel Industries PCL is engaged in the business of manufacturing and distribution of steel billet and renewable energy. Its products are used for the production of round bars, deformed bars, and wire rods. Geographically all the business activity functions through Thailand. The business activity of the company is operated through six segments which are Original Equipment Manufacturer (OEM) business, Trading of steel billets business, Investment in renewable power plant business, Consultancy on investments related to the renewable energy business, Cryptocurrency business and Other businesses. The company offers its products to both Thailand and overseas markets.

Chow Steel Industries PCL (BKK:CHOW) Headlines

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