Taiwan Special Chemicals (ROCO:4772) ROCE % : 12.57% (As of Dec. 2023)

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What is Taiwan Special Chemicals 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. Taiwan Special Chemicals's annualized ROCE % for the quarter that ended in Dec. 2023 was 12.57%.

Taiwan Special Chemicals ROCE % Historical Data

The historical data trend for Taiwan Special Chemicals'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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Taiwan Special Chemicals ROCE % Chart

Taiwan Special Chemicals Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-6.43

-4.56

11.75

11.26

8.06

Taiwan Special Chemicals Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			8.97	15.30	7.52	3.92	12.57

Taiwan Special Chemicals ROCE % Calculation

Taiwan Special Chemicals'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 )
	=	139.203	/	( ( (1800.828 - 105.532)	+	(1840.345 - 83.567) )	/ 2 )
	=	139.203	/	( (1695.296	+	1756.778)	/ 2 )
	=	139.203	/	1726.037
	=	8.06 %

Taiwan Special Chemicals'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 )
	=	213.112	/	( ( (1800.315 - 166.544)	+	(1840.345 - 83.567) )	/ 2 )
	=	213.112	/	( ( 1633.771	+	1756.778 )	/ 2 )
	=	213.112	/	1695.2745
	=	12.57 %

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

Taiwan Special Chemicals (ROCO:4772) 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.

Taiwan Special Chemicals ROCE % Related Terms

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Taiwan Special Chemicals (ROCO:4772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Special Chemicals Corp (ROCO:4772) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Zhangbin West 3rd Road, Changhua County, Xianxi Township, TWN, 507

Website

https://en.tscs.com.tw

Taiwan Special Chemicals Corp is a developer and manufacturer of semiconductor special gas and semiconductor chemical materials.

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