TMT Steel Public Co (BKK:TMT) ROCE % : 5.91% (As of Dec. 2023)

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What is TMT Steel Public Co 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. TMT Steel Public Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.91%.

TMT Steel Public Co ROCE % Historical Data

The historical data trend for TMT Steel Public Co'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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TMT Steel Public Co ROCE % Chart

TMT Steel Public Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.09

18.31

42.05

7.96

12.08

TMT Steel Public Co 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															6.06	22.57	6.49	12.15	5.91

TMT Steel Public Co ROCE % Calculation

TMT Steel Public Co'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 )
	=	584.15	/	( ( (9061.698 - 3999.683)	+	(8941.077 - 4329.8) )	/ 2 )
	=	584.15	/	( (5062.015	+	4611.277)	/ 2 )
	=	584.15	/	4836.646
	=	12.08 %

TMT Steel Public Co'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 )
	=	275.596	/	( ( (9942.64 - 5233.62)	+	(8941.077 - 4329.8) )	/ 2 )
	=	275.596	/	( ( 4709.02	+	4611.277 )	/ 2 )
	=	275.596	/	4660.1485
	=	5.91 %

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

TMT Steel Public Co (BKK:TMT) 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.

TMT Steel Public Co ROCE % Related Terms

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TMT Steel Public Co (BKK:TMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMT Steel Public Co Ltd (BKK:TMT) » Definitions » ROCE %

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Address

179 South Sathorn Road, 22nd Floor, Bangkok City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.tmtsteel.co.th

TMT Steel Public Co Ltd operates as a total steel solutions provider. It is engaged in fabricating and selling structural steel plates and sheets. The company offers flat products, including hot-rolled coils, hot-rolled plates and sheets, steel flat bars, and checkered plates; long products, such as hot and cold-formed structural steel sections; and steel tables. In addition, it also provides steel processing and cold-forming services. Geographically all the business activity functions through the region of Thailand.

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