Tatung Co (TPE:2371) ROCE % : 3.50% (As of Mar. 2024)

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What is Tatung 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. Tatung Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.50%.

Tatung Co ROCE % Historical Data

The historical data trend for Tatung 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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Tatung Co ROCE % Chart

Tatung Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.25

-3.17

8.45

10.66

2.85

Tatung 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															2.45	4.44	3.77	0.78	3.50

Tatung Co ROCE % Calculation

Tatung 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 )
	=	3027.823	/	( ( (133615.953 - 27704.428)	+	(137277.951 - 30598.167) )	/ 2 )
	=	3027.823	/	( (105911.525	+	106679.784)	/ 2 )
	=	3027.823	/	106295.6545
	=	2.85 %

Tatung 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 )
	=	3638.852	/	( ( (137277.951 - 30598.167)	+	(135856.218 - 34420.72) )	/ 2 )
	=	3638.852	/	( ( 106679.784	+	101435.498 )	/ 2 )
	=	3638.852	/	104057.641
	=	3.50 %

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

Tatung Co (TPE:2371) 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.

Tatung Co ROCE % Related Terms

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Tatung Co (TPE:2371) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tatung Co Ltd (TPE:2371) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22, Section 3, Zhongshan North Road, Taipei, TWN, 104427

Website

http://www.tatung.com.tw

Tatung Co Ltd is a Taiwan-based conglomerate that primarily operates through the following business groups. The Optoelectronics business group manufactures TFD - LCD, small and medium-sized panels. The consumer business group produces digital entertainment products, Internet of Things products, air conditioners, home appliances, LED TVs, and other products. The Machinery and system business group is engaged in areas such as the Internet of Things and smart grid, new energy systems, motors, machinery and energy systems.; and the Real estate segments. The company generates most of its revenue from Taiwan, China, and Asia.

Tatung Co (TPE:2371) Headlines

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