Ta Chen Stainless Pipe Co (TPE:2027) ROCE % : 8.04% (As of Mar. 2024)

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What is Ta Chen Stainless Pipe Co 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. Ta Chen Stainless Pipe Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.04%.

Ta Chen Stainless Pipe Co ROCE % Historical Data

The historical data trend for Ta Chen Stainless Pipe Co'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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Ta Chen Stainless Pipe Co ROCE % Chart

Ta Chen Stainless Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.27

2.08

20.39

20.33

9.83

Ta Chen Stainless Pipe Co 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															12.58	12.64	8.92	3.61	8.04

Ta Chen Stainless Pipe Co ROCE % Calculation

Ta Chen Stainless Pipe Co'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 )
	=	10767.54	/	( ( (146446.086 - 34420.691)	+	(135115.312 - 27994.397) )	/ 2 )
	=	10767.54	/	( (112025.395	+	107120.915)	/ 2 )
	=	10767.54	/	109573.155
	=	9.83 %

Ta Chen Stainless Pipe Co'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 )
	=	8797.972	/	( ( (135115.312 - 27994.397)	+	(137990.329 - 26238.169) )	/ 2 )
	=	8797.972	/	( ( 107120.915	+	111752.16 )	/ 2 )
	=	8797.972	/	109436.5375
	=	8.04 %

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

Ta Chen Stainless Pipe Co (TPE:2027) 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.

Ta Chen Stainless Pipe Co ROCE % Related Terms

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Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ta Chen Stainless Pipe Co Ltd (TPE:2027) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN

Website

https://www.tachen.com.tw

Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

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