Halcyon Technology PCL (BKK:HTECH) ROCE % : 9.05% (As of Mar. 2024)

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What is Halcyon Technology 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. Halcyon Technology PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.05%.

Halcyon Technology PCL ROCE % Historical Data

The historical data trend for Halcyon Technology 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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Halcyon Technology PCL ROCE % Chart

Halcyon Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.20

6.48

12.18

9.29

4.08

Halcyon Technology 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															3.28	4.58	5.44	2.92	9.05

Halcyon Technology PCL ROCE % Calculation

Halcyon Technology 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 )
	=	65.867	/	( ( (1864.796 - 211.976)	+	(1784.101 - 211.349) )	/ 2 )
	=	65.867	/	( (1652.82	+	1572.752)	/ 2 )
	=	65.867	/	1612.786
	=	4.08 %

Halcyon Technology 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 )
	=	144.684	/	( ( (1784.101 - 211.349)	+	(1820.2 - 196.524) )	/ 2 )
	=	144.684	/	( ( 1572.752	+	1623.676 )	/ 2 )
	=	144.684	/	1598.214
	=	9.05 %

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

Halcyon Technology PCL (BKK:HTECH) 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.

Halcyon Technology PCL ROCE % Related Terms

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Halcyon Technology PCL (BKK:HTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Halcyon Technology PCL (BKK:HTECH) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Soi 6, Serithai Road, 41 Moo 14 Bangchan Industrial Estate, Minburi, Bangkok, THA, 10510

Website

http://www.halcyon.co.th

Halcyon Technology PCL is engaged in the production and selling of cutting tools, jig and fixtures, and custom metallic devices. The company specializes in the design and manufacture of polycrystalline diamond (PCD) cutting tools required by high-precision works. Its product portfolio includes products like PCD boring tools, PCD end mill tools, PCD inserts, PCD brazing tools, PCD reamers, PCD hollow tools, PCD drills, and carbide cutting tools. It operates in three segments, Manufacturing and selling of customized cutting tools which is the prime revenue-driving segment; Importing and selling of cutting tools; and Manufacturing and selling of high-precision metal fabricated products.

Halcyon Technology PCL (BKK:HTECH) Headlines

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