Kaofu Chemical (ROCO:4773) ROCE % : 13.79% (As of Jun. 2024)

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What is Kaofu Chemical 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. Kaofu Chemical's annualized ROCE % for the quarter that ended in Jun. 2024 was 13.79%.

Kaofu Chemical ROCE % Historical Data

The historical data trend for Kaofu Chemical'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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Kaofu Chemical ROCE % Chart

Kaofu Chemical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.41

35.98

39.62

21.91

10.98

Kaofu Chemical Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial				26.83	18.35	13.68	8.78	13.79

Kaofu Chemical ROCE % Calculation

Kaofu Chemical'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 )
	=	165.621	/	( ( (1998.622 - 466.662)	+	(1841.952 - 357.603) )	/ 2 )
	=	165.621	/	( (1531.96	+	1484.349)	/ 2 )
	=	165.621	/	1508.1545
	=	10.98 %

Kaofu Chemical'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 )
	=	196.526	/	( ( (1841.952 - 357.603)	+	(2031.159 - 666.221) )	/ 2 )
	=	196.526	/	( ( 1484.349	+	1364.938 )	/ 2 )
	=	196.526	/	1424.6435
	=	13.79 %

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

Kaofu Chemical (ROCO:4773) 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.

Kaofu Chemical ROCE % Related Terms

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Kaofu Chemical Business Description

Industry

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Traded in Other Exchanges

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Address

NO 385, Fong-Jen Road, Ren Wu District, Kaohsiung, TWN, 814

Website

http://www.kaofu.com

Kaofu Chemical Corp is a manufacturer and seller of General Purpose Polystyrene (GPPS) and High lmpact Polystyrene (HIPS). Its Polystyrene(PS) is widely used for making household appliances and computer peripherals such as daily necessity, mouse, and electronic packaging by methods of injection and extrusion.

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