Sun-Sea Construction (ROCO:5516) ROCE % : -28.71% (As of Mar. 2024)

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What is Sun-Sea Construction 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. Sun-Sea Construction's annualized ROCE % for the quarter that ended in Mar. 2024 was -28.71%.

Sun-Sea Construction ROCE % Historical Data

The historical data trend for Sun-Sea Construction'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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Sun-Sea Construction ROCE % Chart

Sun-Sea Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.26

22.55

25.90

24.37

-21.16

Sun-Sea Construction Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.87	9.83	-92.37	-26.71	-28.71

Sun-Sea Construction ROCE % Calculation

Sun-Sea Construction'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 )
	=	-178.164	/	( ( (3132.204 - 2226.466)	+	(3674.989 - 2896.906) )	/ 2 )
	=	-178.164	/	( (905.738	+	778.083)	/ 2 )
	=	-178.164	/	841.9105
	=	-21.16 %

Sun-Sea Construction's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-212.772	/	( ( (3674.989 - 2896.906)	+	(3329.36 - 2625.119) )	/ 2 )
	=	-212.772	/	( ( 778.083	+	704.241 )	/ 2 )
	=	-212.772	/	741.162
	=	-28.71 %

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

Sun-Sea Construction (ROCO:5516) 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.

Sun-Sea Construction ROCE % Related Terms

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Sun-Sea Construction (ROCO:5516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sun-Sea Construction Corp (ROCO:5516) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

186 Min Tsu Road, Hsin-chu City, TWN

Website

http://www.sunsea.com.tw

Sun-Sea Construction Corp is engaged in the civil engineering and construction industry. The company constructs commercial buildings, parking lots, schools, technology factories, restaurants, houses, oads, bridges, tunnels and other related projects.

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