Ubon Bio Ethanol PCL (BKK:UBE) ROCE % : -0.74% (As of Dec. 2023)

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What is Ubon Bio Ethanol 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. Ubon Bio Ethanol PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was -0.74%.

Ubon Bio Ethanol PCL ROCE % Historical Data

The historical data trend for Ubon Bio Ethanol 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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Ubon Bio Ethanol PCL ROCE % Chart

Ubon Bio Ethanol PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.56

5.55

8.42

4.73

-1.30

Ubon Bio Ethanol PCL Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													5.46	-0.68	-5.89	2.15	-0.74

Ubon Bio Ethanol PCL ROCE % Calculation

Ubon Bio Ethanol 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 )
	=	-81.012	/	( ( (7219.386 - 744.728)	+	(7266.147 - 1280.789) )	/ 2 )
	=	-81.012	/	( (6474.658	+	5985.358)	/ 2 )
	=	-81.012	/	6230.008
	=	-1.30 %

Ubon Bio Ethanol 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 )
	=	-44.144	/	( ( (7214.103 - 1220.248)	+	(7266.147 - 1280.789) )	/ 2 )
	=	-44.144	/	( ( 5993.855	+	5985.358 )	/ 2 )
	=	-44.144	/	5989.6065
	=	-0.74 %

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

Ubon Bio Ethanol PCL (BKK:UBE) 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.

Ubon Bio Ethanol PCL ROCE % Related Terms

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Ubon Bio Ethanol PCL (BKK:UBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ubon Bio Ethanol PCL (BKK:UBE) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Moo 9, Nadee Sub district, Nayia District, Ubon Ratchathani Province, Ubon Ratchathani, THA, 34160

Website

https://www.ubonbioethanol.com

Ubon Bio Ethanol PCL is engaged in the manufacture and distribution of processed cassava products which include cassava-based ethanol, cassava starch, cassava flour, other organic products, biogas and electricity from biogas and solar power system. The company has three reportable segment Tapioca starch, biogas and electricity, Ethanol and others. Majority of revenue is generated from Ethanol segment.

Ubon Bio Ethanol PCL (BKK:UBE) Headlines

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