Symphony Communication PCL (BKK:SYMC) ROCE % : 6.56% (As of Dec. 2023)

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What is Symphony Communication 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. Symphony Communication PCL's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.56%.

Symphony Communication PCL ROCE % Historical Data

The historical data trend for Symphony Communication 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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Symphony Communication PCL ROCE % Chart

Symphony Communication PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.99

5.17

6.71

7.28

10.01

Symphony Communication 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															6.91	8.02	16.72	8.53	6.56

Symphony Communication PCL ROCE % Calculation

Symphony Communication 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 )
	=	350.491	/	( ( (4324.762 - 828.419)	+	(4244.851 - 737.463) )	/ 2 )
	=	350.491	/	( (3496.343	+	3507.388)	/ 2 )
	=	350.491	/	3501.8655
	=	10.01 %

Symphony Communication 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 )
	=	231.544	/	( ( (4354.284 - 805.683)	+	(4244.851 - 737.463) )	/ 2 )
	=	231.544	/	( ( 3548.601	+	3507.388 )	/ 2 )
	=	231.544	/	3527.9945
	=	6.56 %

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

Symphony Communication PCL (BKK:SYMC) 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.

Symphony Communication PCL ROCE % Related Terms

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Symphony Communication PCL (BKK:SYMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Symphony Communication PCL (BKK:SYMC) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Vibhavadee Rangsit Road, 123 Suntowers Building B, 35th-36th Floor, Chomphon, Chatuchak, Bangkok, THA, 10900

Website

https://www.symphony.net.th

Symphony Communication PCL is engaged in the provision of communication high-speed circuit services. The company has been granted licenses from the National Broadcasting and Telecommunications Commission (NBTC) to provide telecommunication services. It includes Telecom Operation License Type 1, Telecom Operation License Type 2, and Telecom Operation License Type 3. The company's products and service lines include connectivity service, network equipment, installation of network equipment, and maintenance service of network equipment of which key revenue is derived from the connectivity service.

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