Nam Liong Global (ROCO:5450) ROCE % : 7.77% (As of Sep. 2024)

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What is Nam Liong Global 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. Nam Liong Global's annualized ROCE % for the quarter that ended in Sep. 2024 was 7.77%.

Nam Liong Global ROCE % Historical Data

The historical data trend for Nam Liong Global'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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Nam Liong Global ROCE % Chart

Nam Liong Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.17

5.81

9.38

9.73

2.73

Nam Liong Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.36	0.92	8.44	7.26	7.77

Nam Liong Global ROCE % Calculation

Nam Liong Global'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 )
	=	67.606	/	( ( (3440.266 - 1134.722)	+	(3425.718 - 777.82) )	/ 2 )
	=	67.606	/	( (2305.544	+	2647.898)	/ 2 )
	=	67.606	/	2476.721
	=	2.73 %

Nam Liong Global's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	207.036	/	( ( (3568.433 - 949.185)	+	(3625.861 - 918.456) )	/ 2 )
	=	207.036	/	( ( 2619.248	+	2707.405 )	/ 2 )
	=	207.036	/	2663.3265
	=	7.77 %

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

Nam Liong Global (ROCO:5450) 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.

Nam Liong Global ROCE % Related Terms

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Nam Liong Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nam Liong Global Corp (ROCO:5450) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chou-Wei Street, NO. 10, Lane 41, Yen-Chou Li, Yong-Kang District, Tainan, TWN, 710004

Website

https://www.namliong.com.tw

Nam Liong Global Corp is engaged in the manufacturing and sales of rubber sponges, sponge lamination, hook and loop, flame retardant fabric, abrasion-resistant fabric, TPU film, etc. The company earns revenue from its products which include textile products, sponge lamination products, special textile products, special material products, and others, and the majority of the company's revenue is earned from textile products. It operates in Taiwan, China, and Vietnam.

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