Chumpower Machinery (ROCO:4575) ROCE % : 6.09% (As of Jun. 2024)

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What is Chumpower Machinery 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. Chumpower Machinery's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.09%.

Chumpower Machinery ROCE % Historical Data

The historical data trend for Chumpower Machinery'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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Chumpower Machinery ROCE % Chart

Chumpower Machinery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.12

3.03

0.14

5.41

4.90

Chumpower Machinery Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial												8.75	1.90	3.14	6.90	6.09

Chumpower Machinery ROCE % Calculation

Chumpower Machinery'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 )
	=	83.827	/	( ( (2856.667 - 1045.158)	+	(2639.783 - 1030.824) )	/ 2 )
	=	83.827	/	( (1811.509	+	1608.959)	/ 2 )
	=	83.827	/	1710.234
	=	4.90 %

Chumpower Machinery'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 )
	=	97.188	/	( ( (2639.783 - 1030.824)	+	(2536.25 - 952.68) )	/ 2 )
	=	97.188	/	( ( 1608.959	+	1583.57 )	/ 2 )
	=	97.188	/	1596.2645
	=	6.09 %

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

Chumpower Machinery (ROCO:4575) 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.

Chumpower Machinery ROCE % Related Terms

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Chumpower Machinery Business Description

Industry

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Address

No.688-1, Section 3, Zhongshan Road, Rongquan Lane, Wuri District, Taichung, TWN, 414

Website

https://www.chumpower.com

Chumpower Machinery Corp is a Taiwan based company mainly engaged in the production of polyethylene terephthalate (PET) blow molding machines. The company also offers molds for different shapes and size of the bottles. Machinery offered by the company include one stage series, L series, Phoenix series, and W/L series.

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