Hong Wei Electrical Industry Co (ROCO:4565) ROCE % : 36.69% (As of Jun. 2024)

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What is Hong Wei Electrical Industry 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. Hong Wei Electrical Industry Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 36.69%.

Hong Wei Electrical Industry Co ROCE % Historical Data

The historical data trend for Hong Wei Electrical Industry 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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Hong Wei Electrical Industry Co ROCE % Chart

Hong Wei Electrical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.62

19.73

28.89

25.87

27.52

Hong Wei Electrical Industry 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															29.39	24.21	30.29	26.45	36.69

Hong Wei Electrical Industry Co ROCE % Calculation

Hong Wei Electrical Industry 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 )
	=	472.723	/	( ( (2619.692 - 995.047)	+	(2754.142 - 943.054) )	/ 2 )
	=	472.723	/	( (1624.645	+	1811.088)	/ 2 )
	=	472.723	/	1717.8665
	=	27.52 %

Hong Wei Electrical Industry 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 )
	=	693.558	/	( ( (2754.142 - 943.054)	+	(3083.821 - 1114.353) )	/ 2 )
	=	693.558	/	( ( 1811.088	+	1969.468 )	/ 2 )
	=	693.558	/	1890.278
	=	36.69 %

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

Hong Wei Electrical Industry Co (ROCO:4565) 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.

Hong Wei Electrical Industry Co ROCE % Related Terms

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Hong Wei Electrical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hong Wei Electrical Industry Co Ltd (ROCO:4565) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Number 33, Wuquan 5th Road, Wugu District, New Taipei, TWN, 248

Website

https://www.volbin.com

Hong Wei Electrical Industry Co Ltd is a Taiwan based company involved in manufacturing vertical vehicles. Its products include Freight Elevators like 2 Panels Center Opening Door, 2 Panels Side Opening Door, 3 Panels Side Opening Door, and 4 Panels Center Opening Door; Driving system; Special Elevator, Passenger Elevator, and Automatic Conveyor.

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