Ancang Construction Co (ROCO:5548) ROCE % : 24.10% (As of Dec. 2024)

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What is Ancang Construction 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. Ancang Construction Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 24.10%.

Ancang Construction Co ROCE % Historical Data

The historical data trend for Ancang Construction 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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Ancang Construction Co ROCE % Chart

Ancang Construction Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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17.61

19.86

19.07

21.73

16.54

Ancang Construction Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial								34.46	21.25	30.50	11.48	24.10

Ancang Construction Co ROCE % Calculation

Ancang Construction 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 )
	=	143.078	/	( ( (1457.543 - 865.012)	+	(2312.176 - 1175.014) )	/ 2 )
	=	143.078	/	( (592.531	+	1137.162)	/ 2 )
	=	143.078	/	864.8465
	=	16.54 %

Ancang Construction 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 )
	=	222.66	/	( ( (1910.201 - 1199.747)	+	(2312.176 - 1175.014) )	/ 2 )
	=	222.66	/	( ( 710.454	+	1137.162 )	/ 2 )
	=	222.66	/	923.808
	=	24.10 %

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

Ancang Construction Co (ROCO:5548) 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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Ancang Construction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ancang Construction Co Ltd (ROCO:5548) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Songjiang Road, No.223, 6th Floor, Zhongshan District, Taipei City, TWN, 104

Website

http://www.ancang.com

Ancang Construction Co Ltd is a construction company developing, Architecture, Exhibition Center, Tunnel, Harbor, Station, Power plant, Pumping Stations, and various Public works.

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