Chonburi Concrete Product PCL (BKK:CCP) ROCE % : 11.86% (As of Mar. 2024)

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What is Chonburi Concrete Product 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. Chonburi Concrete Product PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.86%.

Chonburi Concrete Product PCL ROCE % Historical Data

The historical data trend for Chonburi Concrete Product 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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Chonburi Concrete Product PCL ROCE % Chart

Chonburi Concrete Product PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.26

6.85

4.17

4.45

11.82

Chonburi Concrete Product 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															12.31	9.08	14.17	12.09	11.86

Chonburi Concrete Product PCL ROCE % Calculation

Chonburi Concrete Product 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 )
	=	223.853	/	( ( (2880.657 - 1019.169)	+	(3164.098 - 1238.077) )	/ 2 )
	=	223.853	/	( (1861.488	+	1926.021)	/ 2 )
	=	223.853	/	1893.7545
	=	11.82 %

Chonburi Concrete Product 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 )
	=	229.372	/	( ( (3164.098 - 1238.077)	+	(3178.207 - 1235.687) )	/ 2 )
	=	229.372	/	( ( 1926.021	+	1942.52 )	/ 2 )
	=	229.372	/	1934.2705
	=	11.86 %

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

Chonburi Concrete Product PCL (BKK:CCP) 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.

Chonburi Concrete Product PCL ROCE % Related Terms

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Chonburi Concrete Product PCL (BKK:CCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chonburi Concrete Product PCL (BKK:CCP) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

39/1 Moo 1, Sukhumvit Road, Tambol Huaykapi, Amphur Muang, Chonburi, THA, 20000

Website

https://www.ccp.co.th

Chonburi Concrete Product PCL is mainly engaged in the manufacturing and distribution of concrete products and ready mixed concrete in Thailand. Its products include Ready-Mixed Concrete, Precast concrete for structure system works and precast concrete for decorative works, among others. The operations of the company mainly in Thailand involve several industry segments, namely the production and sales of construction products, real estate rental and transportation services.

Chonburi Concrete Product PCL (BKK:CCP) Headlines

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