Far Eastern New Century (TPE:1402) ROCE % : 4.51% (As of Dec. 2023)

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What is Far Eastern New Century 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. Far Eastern New Century's annualized ROCE % for the quarter that ended in Dec. 2023 was 4.51%.

Far Eastern New Century ROCE % Historical Data

The historical data trend for Far Eastern New Century'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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Far Eastern New Century ROCE % Chart

Far Eastern New Century Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.98

3.93

4.02

4.05

4.40

Far Eastern New Century 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															2.52	4.01	5.24	4.71	4.51

Far Eastern New Century ROCE % Calculation

Far Eastern New Century'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 )
	=	23157.221	/	( ( (657956.74 - 157966.879)	+	(671417.612 - 118459.528) )	/ 2 )
	=	23157.221	/	( (499989.861	+	552958.084)	/ 2 )
	=	23157.221	/	526473.9725
	=	4.40 %

Far Eastern New Century'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 )
	=	23399.728	/	( ( (636410.665 - 151225.189)	+	(671417.612 - 118459.528) )	/ 2 )
	=	23399.728	/	( ( 485185.476	+	552958.084 )	/ 2 )
	=	23399.728	/	519071.78
	=	4.51 %

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

Far Eastern New Century (TPE:1402) 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.

Far Eastern New Century ROCE % Related Terms

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Far Eastern New Century (TPE:1402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Far Eastern New Century Corp (TPE:1402) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Tun Hwa South Road, 36th Floor, Taipei Metro Tower, Section 2, Taipei, TWN

Website

https://www.fenc.com

Far Eastern New Century Corp is a Taiwan-based industrial holding company with operations that span Taiwan, China, Vietnam, the United States, and Southeast Asia. The company is organized into a business that includes telecommunication, polyester, textiles, property development, and others. The telecommunication business offers wireless telecommunications and cloud services and sells mobile equipment products. The petrochemical business mainly engages in the production and sales of PTA goods. The polyester business produces and sells various polyester and PET products. The textile business produces finished yarns, fabrics, and clothes. The company generates the majority of its revenue from its polyester segments, and most of its revenue is derived from Taiwan.

Far Eastern New Century (TPE:1402) Headlines

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