Taiwan Kong King Co (ROCO:3093) ROCE % : 24.16% (As of Sep. 2024)

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What is Taiwan Kong King 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. Taiwan Kong King Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.16%.

Taiwan Kong King Co ROCE % Historical Data

The historical data trend for Taiwan Kong King 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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Taiwan Kong King Co ROCE % Chart

Taiwan Kong King Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.64

22.87

32.44

49.49

29.31

Taiwan Kong King Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															31.86	28.81	10.88	4.61	24.16

Taiwan Kong King Co ROCE % Calculation

Taiwan Kong King 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 )
	=	367.108	/	( ( (2093.767 - 767.15)	+	(1667.682 - 489.647) )	/ 2 )
	=	367.108	/	( (1326.617	+	1178.035)	/ 2 )
	=	367.108	/	1252.326
	=	29.31 %

Taiwan Kong King Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	236.012	/	( ( (1555 - 599.261)	+	(1400.148 - 401.746) )	/ 2 )
	=	236.012	/	( ( 955.739	+	998.402 )	/ 2 )
	=	236.012	/	977.0705
	=	24.16 %

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

Taiwan Kong King Co (ROCO:3093) 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.

Taiwan Kong King Co ROCE % Related Terms

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Taiwan Kong King Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Kong King Co Ltd (ROCO:3093) » Definitions » ROCE %

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Address

5F.-1, No.66, Nan Kan Road, Sec. 2, Luzhu District, Taoyuan, TWN, 338

Website

https://www.tkk.com.tw

Taiwan Kong King Co Ltd is an agent for electronics-related manufacturers in Taiwan and China. The company's products include PCB, SMT, semiconductor, solar, LED, optoelectronic communication, and chemical material, and also provides equipment technical services. The company operates in two segments; Equipment Division Segment, Production Segment, and the majority of its revenue is generated from The Equipment division segment.

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