Eternal Materials Co (TPE:1717) ROCE % : 8.02% (As of Mar. 2024)

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What is Eternal Materials 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. Eternal Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.02%.

Eternal Materials Co ROCE % Historical Data

The historical data trend for Eternal Materials 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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Eternal Materials Co ROCE % Chart

Eternal Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.77

8.98

11.57

9.30

6.38

Eternal Materials 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															3.19	6.22	9.06	6.62	8.02

Eternal Materials Co ROCE % Calculation

Eternal Materials 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 )
	=	2636.31	/	( ( (59455.276 - 17114.42)	+	(58538.254 - 18193.452) )	/ 2 )
	=	2636.31	/	( (42340.856	+	40344.802)	/ 2 )
	=	2636.31	/	41342.829
	=	6.38 %

Eternal Materials 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 )
	=	3263.18	/	( ( (58538.254 - 18193.452)	+	(60186.536 - 19127.426) )	/ 2 )
	=	3263.18	/	( ( 40344.802	+	41059.11 )	/ 2 )
	=	3263.18	/	40701.956
	=	8.02 %

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

Eternal Materials Co (TPE:1717) 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.

Eternal Materials Co ROCE % Related Terms

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Eternal Materials Co (TPE:1717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eternal Materials Co Ltd (TPE:1717) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 578, Jiangong Road, Sanmin District, Kaohsiung, TWN, 807

Website

https://www.eternal-group.com

Eternal Materials Co Ltd manufactures and sells a variety of chemicals and chemical-based products in three categories. The synthetic resin category sells adhesive, fluorocarbon, polyester, polyurethane, and vinyl resins used in tapes, labels, stickers, household goods, paints, and solar panels. The specialty materials category sells silicone products used for ceramics, paints, and coatings as well as LED packaging materials used in televisions, iPads, laptops, and other electronics. The electronics materials category sells products used in printed circuit boards and flat panel displays. Eternal Materials sells its products in Asia and the United States.

Eternal Materials Co (TPE:1717) Headlines

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