Chia Yi Steel Co (ROCO:2067) ROCE % : -19.34% (As of Mar. 2024)

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What is Chia Yi Steel 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. Chia Yi Steel Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -19.34%.

Chia Yi Steel Co ROCE % Historical Data

The historical data trend for Chia Yi Steel 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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Chia Yi Steel Co ROCE % Chart

Chia Yi Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.82

-3.78

-0.11

-3.43

1.38

Chia Yi Steel 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															15.96	2.83	1.54	-16.66	-19.34

Chia Yi Steel Co ROCE % Calculation

Chia Yi Steel 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 )
	=	13.24	/	( ( (1984.397 - 912.818)	+	(1832.841 - 982.234) )	/ 2 )
	=	13.24	/	( (1071.579	+	850.607)	/ 2 )
	=	13.24	/	961.093
	=	1.38 %

Chia Yi Steel 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 )
	=	-161.288	/	( ( (1832.841 - 982.234)	+	(1900.875 - 1083.752) )	/ 2 )
	=	-161.288	/	( ( 850.607	+	817.123 )	/ 2 )
	=	-161.288	/	833.865
	=	-19.34 %

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

Chia Yi Steel Co (ROCO:2067) 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.

Chia Yi Steel Co ROCE % Related Terms

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Chia Yi Steel Co (ROCO:2067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chia Yi Steel Co Ltd (ROCO:2067) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Chenggong 2nd Street, Beidou Village, Chiayi County, Minxiong, TWN, 62155

Website

http://www.cysteel.com.tw

Chia Yi Steel Co Ltd is engaged in the casting; processing and trading of various cast irons. Its products include hydraulic parts, industrial parts, and car parts. The company covers mechanical parts, hydraulic valve bodies, compressors, transporters, construction machinery, agricultural machinery, ships, cranes, engines, transmissions, braking systems, spring brackets, and other parts. It also produces railway parts, Elevator pulleys, pumps, bolt mechanical parts, and product assembly operations. The company supplies its products to Asia; European and American countries.

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