Sheh Kai Precision Co (ROCO:2063) ROCE % : 16.04% (As of Mar. 2024)

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What is Sheh Kai Precision 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. Sheh Kai Precision Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.04%.

Sheh Kai Precision Co ROCE % Historical Data

The historical data trend for Sheh Kai Precision 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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Sheh Kai Precision Co ROCE % Chart

Sheh Kai Precision Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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24.27

18.93

13.33

21.16

27.37

Sheh Kai Precision Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															13.86	19.84	36.56	35.27	16.04

Sheh Kai Precision Co ROCE % Calculation

Sheh Kai Precision 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 )
	=	295.95	/	( ( (1972.749 - 999.253)	+	(1870.827 - 681.725) )	/ 2 )
	=	295.95	/	( (973.496	+	1189.102)	/ 2 )
	=	295.95	/	1081.299
	=	27.37 %

Sheh Kai Precision 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	232.056	/	( ( (1883.042 - 625.54)	+	(1961.052 - 325.562) )	/ 2 )
	=	232.056	/	( ( 1257.502	+	1635.49 )	/ 2 )
	=	232.056	/	1446.496
	=	16.04 %

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

Sheh Kai Precision Co (ROCO:2063) 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.

Sheh Kai Precision Co ROCE % Related Terms

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Sheh Kai Precision Co (ROCO:2063) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sheh Kai Precision Co Ltd (ROCO:2063) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No.1,BenGong 1st Road, Gangshan Dist, Kaohsiung, TWN, 82059

Website

http://www.shehkai.com.tw

Sheh Kai Precision Co Ltd is a manufacturer of stainless steel and alloy steel composite screws and composite bolts in Taiwan. Its products include SDS PLUS Hammer Drill Bit, Screw Anchors, Bi-metals, cement thread anchors, Power tool accessories, and other products.

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