Formosa Chemicals & Fibre (TPE:1326) ROCE % : 0.28% (As of Dec. 2023)

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What is Formosa Chemicals & Fibre 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. Formosa Chemicals & Fibre's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.28%.

Formosa Chemicals & Fibre ROCE % Historical Data

The historical data trend for Formosa Chemicals & Fibre'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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Formosa Chemicals & Fibre ROCE % Chart

Formosa Chemicals & Fibre Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.21

5.65

10.54

2.39

2.30

Formosa Chemicals & Fibre Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-7.30	-0.38	2.10	7.29	0.28

Formosa Chemicals & Fibre ROCE % Calculation

Formosa Chemicals & Fibre'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 )
	=	10405.542	/	( ( (555546.296 - 116950.946)	+	(565870.368 - 101225.762) )	/ 2 )
	=	10405.542	/	( (438595.35	+	464644.606)	/ 2 )
	=	10405.542	/	451619.978
	=	2.30 %

Formosa Chemicals & Fibre's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1270.208	/	( ( (564779.458 - 106427.878)	+	(565870.368 - 101225.762) )	/ 2 )
	=	1270.208	/	( ( 458351.58	+	464644.606 )	/ 2 )
	=	1270.208	/	461498.093
	=	0.28 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Formosa Chemicals & Fibre (TPE:1326) 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.

Formosa Chemicals & Fibre ROCE % Related Terms

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Formosa Chemicals & Fibre (TPE:1326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Chemicals & Fibre Corp (TPE:1326) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua North Road, Number 201, Songshan District, Taipei, TWN, 105

Website

https://www.fcfc.com.tw

Formosa Chemicals & Fibre Corp manufactures and sells a variety of chemicals, plastics-based products, and textiles. The Company has eight business divisions, namely First Chemical Division, Petrochemicals Division, Third Chemical Division, Plastics Division, Textile Division, First Fiber Division, Second Fiber Division, and Engineering & Construction Division. The Company's businesses are production and sales of petrochemical products, including PTA, PS, AN, Butadiene, SM polymer, SM, benzene, toluene, pxylene (PX) and o-xylene (OX), as well as nylon fiber, and rayon staple fiber. The Company is also engaged in spinning, weaving, dyeing and finishing.

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