Ruentex Development Co (TPE:9945) ROCE % : 26.13% (As of Mar. 2024)

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What is Ruentex Development 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. Ruentex Development Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.13%.

Ruentex Development Co ROCE % Historical Data

The historical data trend for Ruentex Development 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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Ruentex Development Co ROCE % Chart

Ruentex Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.48

7.27

10.34

7.07

7.74

Ruentex Development 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															2.28	15.30	19.79	-6.23	26.13

Ruentex Development Co ROCE % Calculation

Ruentex Development 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 )
	=	10682.08	/	( ( (164488.016 - 33993.72)	+	(176909.089 - 31521.011) )	/ 2 )
	=	10682.08	/	( (130494.296	+	145388.078)	/ 2 )
	=	10682.08	/	137941.187
	=	7.74 %

Ruentex Development 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 )
	=	39243.82	/	( ( (176909.089 - 31521.011)	+	(188283.941 - 33349.719) )	/ 2 )
	=	39243.82	/	( ( 145388.078	+	154934.222 )	/ 2 )
	=	39243.82	/	150161.15
	=	26.13 %

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

Ruentex Development Co (TPE:9945) 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.

Ruentex Development Co ROCE % Related Terms

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Ruentex Development Co (TPE:9945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ruentex Development Co Ltd (TPE:9945) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 308, Bade Road, 11th Floor-1, Section 2, Zhongshan District, Taipei, TWN, 104

Website

https://www.ruentex.com.tw

Ruentex Development Co Ltd is a Taiwan-based company involved in the construction business. The company's reportable segments include Construction Business Department, Commercial Real Estate, Building Materials, and Wholesale. It generates maximum revenue from the Construction segment. Geographically, it derives a majority of its revenue from Taiwan.

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