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Cheer Time Enterprise Co (TPE:3229) ROCE % : 2.27% (As of Sep. 2023)


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What is Cheer Time Enterprise 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. Cheer Time Enterprise Co's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.27%.


Cheer Time Enterprise Co ROCE % Historical Data

The historical data trend for Cheer Time Enterprise 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.

* Premium members only.

Cheer Time Enterprise Co ROCE % Chart

Cheer Time Enterprise Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.25 -21.15 -41.01 -15.72 -6.25

Cheer Time Enterprise Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.00 -12.60 1.17 -7.71 2.27

Cheer Time Enterprise Co ROCE % Calculation

Cheer Time Enterprise Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=-32.558/( ( (533.158 - 159.193) + (962.829 - 294.287) )/ 2 )
=-32.558/( (373.965+668.542)/ 2 )
=-32.558/521.2535
=-6.25 %

Cheer Time Enterprise Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Sep. 2023 )  (Q: Jun. 2023 )(Q: Sep. 2023 )
=14.832/( ( (934.049 - 280.808) + (850.218 - 197.684) )/ 2 )
=14.832/( ( 653.241 + 652.534 )/ 2 )
=14.832/652.8875
=2.27 %

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

* 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.


Cheer Time Enterprise Co  (TPE:3229) 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.


Cheer Time Enterprise Co ROCE % Related Terms

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Cheer Time Enterprise Co (TPE:3229) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Lane 305, South Cyonglin Road, Sinjhuang District, New Taipei, TWN, 242
Cheer Time Enterprise Co Ltd manufactures & markets printed circuit boards (PCBs), electronic components, retail sales and installation of network surveillance video equipment, as well as international trade. Its products include single, double, 4-layered, 6-layered, 8-layered, 10-layered, 12-layered printed Circuit Board, & aluminum clad laminate circuit boards.

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