ALFOT Technologies Co (ROCO:4553) ROCE % : -5.07% (As of Dec. 2023)

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What is ALFOT Technologies 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. ALFOT Technologies Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.07%.

ALFOT Technologies Co ROCE % Historical Data

The historical data trend for ALFOT Technologies 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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ALFOT Technologies Co ROCE % Chart

ALFOT Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-3.83

1.80

10.05

13.57

-3.19

ALFOT Technologies Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															7.11	20.85	5.74	-1.54	-5.07

ALFOT Technologies Co ROCE % Calculation

ALFOT Technologies 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 )
	=	-22.603	/	( ( (1324.674 - 583.129)	+	(1281.981 - 605.516) )	/ 2 )
	=	-22.603	/	( (741.545	+	676.465)	/ 2 )
	=	-22.603	/	709.005
	=	-3.19 %

ALFOT Technologies Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-34.294	/	( ( (1240.974 - 565.438)	+	(1281.981 - 605.516) )	/ 2 )
	=	-34.294	/	( ( 675.536	+	676.465 )	/ 2 )
	=	-34.294	/	676.0005
	=	-5.07 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ALFOT Technologies Co (ROCO:4553) 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.

ALFOT Technologies Co ROCE % Related Terms

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ALFOT Technologies Co (ROCO:4553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ALFOT Technologies Co Ltd (ROCO:4553) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Number 8, 19th Road, Taichung Industrial Park, Taichung, TWN, 40850

Website

http://www.alfot.com

ALFOT Technologies Co Ltd is engaged in the project for the manufacturing, designing, sales, and OEM of aluminum forging products. Its products include Forged suspension arms, Aluminium forged bicycle products, Aluminium forged hub and Aluminium forged hook among others.

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