Cheng Fwa Industrial Co (ROCO:5426) ROCE % : 11.85% (As of Dec. 2024)

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What is Cheng Fwa Industrial 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. Cheng Fwa Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.85%.

Cheng Fwa Industrial Co ROCE % Historical Data

The historical data trend for Cheng Fwa Industrial 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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Cheng Fwa Industrial Co ROCE % Chart

Cheng Fwa Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-1.85

-5.20

11.30

1.62

7.76

Cheng Fwa Industrial Co 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															-3.89	2.59	1.57	14.88	11.85

Cheng Fwa Industrial Co ROCE % Calculation

Cheng Fwa Industrial Co'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 )
	=	185.462	/	( ( (2684.715 - 405.914)	+	(3028.918 - 524.747) )	/ 2 )
	=	185.462	/	( (2278.801	+	2504.171)	/ 2 )
	=	185.462	/	2391.486
	=	7.76 %

Cheng Fwa Industrial Co'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 )
	=	291.24	/	( ( (2765.387 - 352.515)	+	(3028.918 - 524.747) )	/ 2 )
	=	291.24	/	( ( 2412.872	+	2504.171 )	/ 2 )
	=	291.24	/	2458.5215
	=	11.85 %

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

Cheng Fwa Industrial Co (ROCO:5426) 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.

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Cheng Fwa Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cheng Fwa Industrial Co Ltd (ROCO:5426) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

No. 25, Guangfu Road, Section 2, Sanchong District, New Taipei, TWN, 241

Website

https://www.chengfwa.com.tw

Cheng Fwa Industrial Co Ltd manufactures and supplies precision stamping metal parts for the computer, telecommunication, networking, and electronic industries in Taiwan. Its products include computer casings and related components, precision stampings, and electronic components. Their core services comprise five main areas, namely design, low-volume prototype fabrication, in-house hard tooling, mass production, and finishing processing.

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