Tah Kong Chemical Industrial (ROCO:4706) ROCE % : 1.86% (As of Dec. 2024)

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What is Tah Kong Chemical 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. Tah Kong Chemical Industrial's annualized ROCE % for the quarter that ended in Dec. 2024 was 1.86%.

Tah Kong Chemical Industrial ROCE % Historical Data

The historical data trend for Tah Kong Chemical 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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Tah Kong Chemical Industrial ROCE % Chart

Tah Kong Chemical Industrial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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7.88

7.54

4.14

-0.44

4.06

Tah Kong Chemical Industrial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															2.83	5.64	4.88	3.87	1.86

Tah Kong Chemical Industrial ROCE % Calculation

Tah Kong Chemical Industrial's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	60.619	/	( ( (1589.885 - 135.381)	+	(1704.232 - 169.179) )	/ 2 )
	=	60.619	/	( (1454.504	+	1535.053)	/ 2 )
	=	60.619	/	1494.7785
	=	4.06 %

Tah Kong Chemical Industrial's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	28.356	/	( ( (1664.162 - 152.656)	+	(1704.232 - 169.179) )	/ 2 )
	=	28.356	/	( ( 1511.506	+	1535.053 )	/ 2 )
	=	28.356	/	1523.2795
	=	1.86 %

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

Tah Kong Chemical Industrial (ROCO:4706) 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.

Tah Kong Chemical Industrial ROCE % Related Terms

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Tah Kong Chemical Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tah Kong Chemical Industrial Corp (ROCO:4706) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bade Road, Section. 4, 7th Floor, No. 778, Nangang District, Taipei, TWN, 115

Website

http://www.tkc.com.tw

Tah Kong Chemical Industrial Corp is engaged in pigment for textile printing and PVC, mainly in manufacturing and selling. Its product portfolio consists of PVC and PU processed pigments, organic pigments, Polyolefin processed pigment, Aqueous pigment dispersion, and UV-curable products among others. Geographically, the company mainly operates in two regions, Taiwan and China.

Tah Kong Chemical Industrial Headlines

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