Forward Science (ROCO:7530) ROCE % : -9.24% (As of Dec. 2023)

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What is Forward Science 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. Forward Science's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.24%.

Forward Science ROCE % Historical Data

The historical data trend for Forward Science'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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Forward Science ROCE % Chart

Forward Science Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.84

-9.02

3.84

-13.09

-3.62

Forward Science Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					3.60	-8.66	-16.23	2.18	-9.24

Forward Science ROCE % Calculation

Forward Science'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 )
	=	-19.242	/	( ( (760.339 - 252.896)	+	(765.05 - 210.781) )	/ 2 )
	=	-19.242	/	( (507.443	+	554.269)	/ 2 )
	=	-19.242	/	530.856
	=	-3.62 %

Forward Science'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-49.734	/	( ( (791.657 - 268.867)	+	(765.05 - 210.781) )	/ 2 )
	=	-49.734	/	( ( 522.79	+	554.269 )	/ 2 )
	=	-49.734	/	538.5295
	=	-9.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Forward Science (ROCO:7530) 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.

Forward Science ROCE % Related Terms

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Forward Science (ROCO:7530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Forward Science Corp (ROCO:7530) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

232 Youyi Road, Miaoli County, Jhunan, TWN, 350

Website

http://www.forward-tek.com.tw

Forward Science Corp is engaged in the manufacturing and maintenance of vacuum pumps. It is also involved in precision parts manufacturing that includes Stainless Processing, Aluminum Processing, Casting Processing, and Metal Finishing among others.

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