Joy Industrial Co (ROCO:4559) ROCE % : 1.59% (As of Jun. 2024)

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What is Joy Industrial 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. Joy Industrial Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 1.59%.

Joy Industrial Co ROCE % Historical Data

The historical data trend for Joy Industrial 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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Joy Industrial Co ROCE % Chart

Joy Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.07

4.66

9.86

8.14

-8.92

Joy Industrial Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															8.24	8.12	-7.62	-10.52	1.59

Joy Industrial Co ROCE % Calculation

Joy Industrial 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 )
	=	-98.329	/	( ( (2026.4 - 828.154)	+	(1844.032 - 838.56) )	/ 2 )
	=	-98.329	/	( (1198.246	+	1005.472)	/ 2 )
	=	-98.329	/	1101.859
	=	-8.92 %

Joy Industrial Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	16.01	/	( ( (1844.032 - 838.56)	+	(1956.635 - 948.152) )	/ 2 )
	=	16.01	/	( ( 1005.472	+	1008.483 )	/ 2 )
	=	16.01	/	1006.9775
	=	1.59 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Joy Industrial Co (ROCO:4559) 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.

Joy Industrial Co ROCE % Related Terms

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Joy Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Joy Industrial Co Ltd (ROCO:4559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang-Ping Road, No. 9, Lane 462, Sector 4, Daya, Taichung, TWN, 42850

Website

http://www.joy-tech.com.tw

Joy Industrial Co Ltd is engaged in manufacturing, developing, and selling related products for bicycles, and motorcycle parts, as well as operating related businesses. The company's products include hubs and wheelset series. It generates the majority of its revenue in China followed by Taiwan, Europe, and others.

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