National Aerospace Fasteners (TPE:3004) ROCE % : 14.10% (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is National Aerospace Fasteners 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. National Aerospace Fasteners's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.10%.

National Aerospace Fasteners ROCE % Historical Data

The historical data trend for National Aerospace Fasteners'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.

* Premium members only.

National Aerospace Fasteners ROCE % Chart

National Aerospace Fasteners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

13.19

2.01

-2.17

4.81

10.64

National Aerospace Fasteners 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															9.89	8.88	11.92	12.46	14.10

National Aerospace Fasteners ROCE % Calculation

National Aerospace Fasteners'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 )
	=	388.116	/	( ( (4572.926 - 1074.349)	+	(5078.103 - 1280.644) )	/ 2 )
	=	388.116	/	( (3498.577	+	3797.459)	/ 2 )
	=	388.116	/	3648.018
	=	10.64 %

National Aerospace Fasteners'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 )
	=	532.76	/	( ( (5078.103 - 1280.644)	+	(5567.057 - 1805.812) )	/ 2 )
	=	532.76	/	( ( 3797.459	+	3761.245 )	/ 2 )
	=	532.76	/	3779.352
	=	14.10 %

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

National Aerospace Fasteners (TPE:3004) 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.

National Aerospace Fasteners ROCE % Related Terms

Thank you for viewing the detailed overview of National Aerospace Fasteners's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

National Aerospace Fasteners (TPE:3004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Aerospace Fasteners Corp (TPE:3004) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Taiping East Road, Pingzhen District, Taoyuan, TWN, 324026

Website

https://www.nafco.com.tw

National Aerospace Fasteners Corp engages in the manufacture and trading of the fasteners, construction parts and other products of aircraft, ships, and vehicles. Aerospace and Industrial products are reportable segments of the company.

National Aerospace Fasteners (TPE:3004) Headlines

No Headlines