Brighton-Best Internation (Taiwan) (ROCO:8415) ROCE % : 9.64% (As of Mar. 2024)

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What is Brighton-Best Internation (Taiwan) 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. Brighton-Best Internation (Taiwan)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 9.64%.

Brighton-Best Internation (Taiwan) ROCE % Historical Data

The historical data trend for Brighton-Best Internation (Taiwan)'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.
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Brighton-Best Internation (Taiwan) ROCE % Chart

Brighton-Best Internation (Taiwan) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.00

6.78

20.46

19.88

12.91

Brighton-Best Internation (Taiwan) 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															12.78	13.76	18.91	6.64	9.64

Brighton-Best Internation (Taiwan) ROCE % Calculation

Brighton-Best Internation (Taiwan)'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 )
	=	4613.305	/	( ( (48462.988 - 13985.37)	+	(47496.349 - 10483.181) )	/ 2 )
	=	4613.305	/	( (34477.618	+	37013.168)	/ 2 )
	=	4613.305	/	35745.393
	=	12.91 %

Brighton-Best Internation (Taiwan)'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 )
	=	3555.12	/	( ( (47496.349 - 10483.181)	+	(46268.13 - 9561.206) )	/ 2 )
	=	3555.12	/	( ( 37013.168	+	36706.924 )	/ 2 )
	=	3555.12	/	36860.046
	=	9.64 %

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

Brighton-Best Internation (Taiwan) (ROCO:8415) 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.

Brighton-Best Internation (Taiwan) ROCE % Related Terms

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Brighton-Best Internation (Taiwan) (ROCO:8415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Brighton-Best Internation (Taiwan) Inc (ROCO:8415) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 122, Yi-lin road, Rende Toenship, Tainan, TWN, 71752

Website

https://www.brightonbest.com

Brighton-Best Internation (Taiwan) Inc supplies and distributes steel-related components and products. It has divided its products into Preferred tools, Fasteners, Drilling screws, and Cutting tools divisions. Its products are Magnetic nut setters, Preferred pipe wrenches, Bolts, Drywall screws, Straight shank carbide drill bits, Drilling screws, etc.

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