First Steamship Co (TPE:2601) ROCE % : 1.95% (As of Mar. 2024)

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What is First Steamship 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. First Steamship Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.95%.

First Steamship Co ROCE % Historical Data

The historical data trend for First Steamship 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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First Steamship Co ROCE % Chart

First Steamship Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.96

2.22

3.98

2.37

-4.78

First Steamship 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															3.69	0.03	-0.89	-22.15	1.95

First Steamship Co ROCE % Calculation

First Steamship 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 )
	=	-1382.171	/	( ( (37801.558 - 7210.881)	+	(35368.953 - 8142.441) )	/ 2 )
	=	-1382.171	/	( (30590.677	+	27226.512)	/ 2 )
	=	-1382.171	/	28908.5945
	=	-4.78 %

First Steamship 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 )
	=	534.012	/	( ( (35368.953 - 8142.441)	+	(35845.696 - 8228.104) )	/ 2 )
	=	534.012	/	( ( 27226.512	+	27617.592 )	/ 2 )
	=	534.012	/	27422.052
	=	1.95 %

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

First Steamship Co (TPE:2601) 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.

First Steamship Co ROCE % Related Terms

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First Steamship Co (TPE:2601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » First Steamship Co Ltd (TPE:2601) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

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