Sahamit Machinery PCL (BKK:SMIT) ROCE % : 0.94% (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Sahamit Machinery 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. Sahamit Machinery PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.94%.

Sahamit Machinery PCL ROCE % Historical Data

The historical data trend for Sahamit Machinery 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.

* Premium members only.

Sahamit Machinery PCL ROCE % Chart

Sahamit Machinery PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

9.78

7.39

14.10

10.43

5.64

Sahamit Machinery 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															2.79	8.01	6.92	6.55	0.94

Sahamit Machinery PCL ROCE % Calculation

Sahamit Machinery 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 )
	=	148.777	/	( ( (2864.125 - 215.061)	+	(2805.731 - 175.411) )	/ 2 )
	=	148.777	/	( (2649.064	+	2630.32)	/ 2 )
	=	148.777	/	2639.692
	=	5.64 %

Sahamit Machinery 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 )
	=	24.62	/	( ( (2786.21 - 168.431)	+	(2805.731 - 175.411) )	/ 2 )
	=	24.62	/	( ( 2617.779	+	2630.32 )	/ 2 )
	=	24.62	/	2624.0495
	=	0.94 %

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

Sahamit Machinery PCL (BKK:SMIT) 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.

Sahamit Machinery PCL ROCE % Related Terms

Thank you for viewing the detailed overview of Sahamit Machinery PCL's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sahamit Machinery PCL (BKK:SMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Sahamit Machinery PCL (BKK:SMIT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

42, 48 Soi chokchaijongjumroen Rama 3 Road, Bangpongpang, Yannawa, Bangkok, THA, 10120

Website

http://www.sahamit.co.th

Sahamit Machinery PCL is a thailand-based company engaged in the distribution of industrial machinery and equipment. It operates in five product groups: special steels, machine tools and tooling, pulp and paper, machinery and equipment for wood processing, and electrical engineering. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others. Steel and Heat treatment include special tool steels, carbonitriding, Annealing, machinery, and carbon steels contribute majority revenue of the firm. Machine tools and tooling products include electrical discharge machine, milling cutters, and inserts for milling. It mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.