S Khonkaen Foods PCL (BKK:SORKON) ROCE % : 6.25% (As of Dec. 2023)

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What is S Khonkaen Foods 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. S Khonkaen Foods PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.25%.

S Khonkaen Foods PCL ROCE % Historical Data

The historical data trend for S Khonkaen Foods 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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S Khonkaen Foods PCL ROCE % Chart

S Khonkaen Foods PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.89

9.96

11.49

7.85

5.98

S Khonkaen Foods 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															3.40	3.46	6.87	7.39	6.25

S Khonkaen Foods PCL ROCE % Calculation

S Khonkaen Foods 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 )
	=	110.885	/	( ( (3098.591 - 1162.72)	+	(2977.909 - 1204.475) )	/ 2 )
	=	110.885	/	( (1935.871	+	1773.434)	/ 2 )
	=	110.885	/	1854.6525
	=	5.98 %

S Khonkaen Foods 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 )
	=	111.144	/	( ( (2967.402 - 1184.576)	+	(2977.909 - 1204.475) )	/ 2 )
	=	111.144	/	( ( 1782.826	+	1773.434 )	/ 2 )
	=	111.144	/	1778.13
	=	6.25 %

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

S Khonkaen Foods PCL (BKK:SORKON) 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.

S Khonkaen Foods PCL ROCE % Related Terms

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S Khonkaen Foods PCL (BKK:SORKON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » S Khonkaen Foods PCL (BKK:SORKON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sukhumvit 71 Road (Pridi Banomyong), 259/13 Soi Pridi Banomyong 13, Phrakanong Nuer, Vadhana, Bangkok, THA, 10110

Website

https://www.sorkon.co.th

S Khonkaen Foods PCL is principally engaged in the manufacture and distribution of processed food products from meat and seafood, restaurants, and swine farm. The company's four reportable segments are Processed food from pork, Processed seafood, Restaurants, and Swine farm, of which key revenue is derived from the Processed food from pork and Processed seafood segment. The group has a business presence in Thailand and Other countries. The majority of revenue is derived from Thailand.

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