China Fineblanking Technology Co (ROCO:1586) ROCE % : 6.09% (As of Mar. 2024)

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What is China Fineblanking Technology 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. China Fineblanking Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.09%.

China Fineblanking Technology Co ROCE % Historical Data

The historical data trend for China Fineblanking Technology 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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China Fineblanking Technology Co ROCE % Chart

China Fineblanking Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.78

9.72

6.98

2.34

-1.02

China Fineblanking Technology 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															-11.60	2.09	0.85	3.48	6.09

China Fineblanking Technology Co ROCE % Calculation

China Fineblanking Technology 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 )
	=	-26.199	/	( ( (4273.29 - 1898.164)	+	(4076.202 - 1306.407) )	/ 2 )
	=	-26.199	/	( (2375.126	+	2769.795)	/ 2 )
	=	-26.199	/	2572.4605
	=	-1.02 %

China Fineblanking Technology 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 )
	=	169.36	/	( ( (4076.202 - 1306.407)	+	(4049.195 - 1257.096) )	/ 2 )
	=	169.36	/	( ( 2769.795	+	2792.099 )	/ 2 )
	=	169.36	/	2780.947
	=	6.09 %

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

China Fineblanking Technology Co (ROCO:1586) 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.

China Fineblanking Technology Co ROCE % Related Terms

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China Fineblanking Technology Co (ROCO:1586) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Fineblanking Technology Co Ltd (ROCO:1586) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.40, Xinggong Road, Shengang Township, Changhua County, Chang Hua, TWN, 51648

Website

https://www.cftc-hc.com.tw

China Fineblanking Technology Co Ltd is engaged in the processing and manufacturing of various types of electronic and automotive parts. It is also engaged in on-electrolytic nickel plating surface treatment, double grinding, heat treatment, CNC machining, and gear machining. The Group has three reportable segments: HDD parts, Vehicle parts, and, Management and operation. The key revenue generator is the Vehicle Parts segment. It produces and sells vehicle parts.

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