Samchai Steel Industries PCL (BKK:SAM) ROCE % : -3.62% (As of Dec. 2023)

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What is Samchai 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. Samchai Steel Industries PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.62%.

Samchai Steel Industries PCL ROCE % Historical Data

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

Samchai Steel Industries PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.94

-0.09

12.59

-9.99

-0.84

Samchai Steel Industries 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															-63.05	5.24	0.56	-5.57	-3.62

Samchai Steel Industries PCL ROCE % Calculation

Samchai 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 )
	=	-13.673	/	( ( (3471.505 - 1803.281)	+	(3998.606 - 2405.764) )	/ 2 )
	=	-13.673	/	( (1668.224	+	1592.842)	/ 2 )
	=	-13.673	/	1630.533
	=	-0.84 %

Samchai Steel Industries 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 )
	=	-58.736	/	( ( (3755.871 - 2104.869)	+	(3998.606 - 2405.764) )	/ 2 )
	=	-58.736	/	( ( 1651.002	+	1592.842 )	/ 2 )
	=	-58.736	/	1621.922
	=	-3.62 %

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

Samchai Steel Industries PCL (BKK:SAM) 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.

Samchai Steel Industries PCL ROCE % Related Terms

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Samchai Steel Industries PCL (BKK:SAM) Business Description

Industry

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

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Traded in Other Exchanges

N/A

Address

75/14, 75/17, 85 Soi Wat Sopanaram, Ekkachai Road, Tumbol Kokkham, Amphur Muang, Samutsakorn, THA, 74000

Website

https://www.samchaisteel.com

Samchai Steel Industries PCL is engaged in manufacturing and selling of steel pipes and tubes. The products of the company are categorized as black steel pipe, galvanized steel pipes, structural steel pipes, furniture pipes, hot rolled steel plates and sheets. It offers steel pipes for the use in construction and furniture industries. Geographically, it operates in Thailand and overseas markets. The company generates majority of its revenue from Thailand.