Chernan Metal Industrial (ROCO:3631) ROCE % : -0.72% (As of Sep. 2024)

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What is Chernan Metal Industrial 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. Chernan Metal Industrial's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.72%.

Chernan Metal Industrial ROCE % Historical Data

The historical data trend for Chernan Metal Industrial'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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Chernan Metal Industrial ROCE % Chart

Chernan Metal Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.12

-0.25

-0.39

-1.24

-1.77

Chernan Metal Industrial 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															-0.49	-3.84	0.53	-4.13	-0.72

Chernan Metal Industrial ROCE % Calculation

Chernan Metal Industrial'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 )
	=	-44.998	/	( ( (2862.045 - 173.508)	+	(2849.03 - 448.442) )	/ 2 )
	=	-44.998	/	( (2688.537	+	2400.588)	/ 2 )
	=	-44.998	/	2544.5625
	=	-1.77 %

Chernan Metal Industrial'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 )
	=	-18.604	/	( ( (2870.954 - 284.576)	+	(2822.558 - 234.628) )	/ 2 )
	=	-18.604	/	( ( 2586.378	+	2587.93 )	/ 2 )
	=	-18.604	/	2587.154
	=	-0.72 %

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

Chernan Metal Industrial (ROCO:3631) 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.

Chernan Metal Industrial ROCE % Related Terms

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Chernan Metal Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chernan Metal Industrial Corp (ROCO:3631) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No. 161, Sec. 1, Wanshou Road, 18th Floor-1, Guishan Township, Taoyuan, TWN

Website

http://www.chernan.com

Chernan Metal Industrial Corp is engaged in Manufacture of Metal Structure and Architectural Components, Screw, Nut and Rivet Manufacturing, Spring Manufacturing, Lock Manufacturing, Metal Wire Products Manufacturing, Other Metal Products Manufacturing, Surface Treatments, Wholesale of Hardware, Wholesale of Electronic Materials, Retail Sale of Hardware, and Retail Sale of Electronic Materials.

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