Tait Marketing & Distribution Co (ROCO:5902) ROCE % : 22.79% (As of Sep. 2024)

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What is Tait Marketing & Distribution 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. Tait Marketing & Distribution Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.79%.

Tait Marketing & Distribution Co ROCE % Historical Data

The historical data trend for Tait Marketing & Distribution 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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Tait Marketing & Distribution Co ROCE % Chart

Tait Marketing & Distribution Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.29

17.07

18.08

20.28

18.52

Tait Marketing & Distribution Co 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															19.42	14.54	20.71	26.36	22.79

Tait Marketing & Distribution Co ROCE % Calculation

Tait Marketing & Distribution Co'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 )
	=	218.841	/	( ( (1558.822 - 389.64)	+	(1538.078 - 343.478) )	/ 2 )
	=	218.841	/	( (1169.182	+	1194.6)	/ 2 )
	=	218.841	/	1181.891
	=	18.52 %

Tait Marketing & Distribution Co'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 )
	=	271.756	/	( ( (1746.481 - 580.156)	+	(1653.753 - 435.25) )	/ 2 )
	=	271.756	/	( ( 1166.325	+	1218.503 )	/ 2 )
	=	271.756	/	1192.414
	=	22.79 %

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

Tait Marketing & Distribution Co (ROCO:5902) 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.

Tait Marketing & Distribution Co ROCE % Related Terms

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Tait Marketing & Distribution Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Tait Marketing & Distribution Co Ltd (ROCO:5902) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 301, Zhongzheng Road, Yongkang District, Taipei, Tainan, TWN, 710401

Website

https://www.tait.com.tw

Tait Marketing & Distribution Co Ltd is engaged in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies, bulk material trading, and manufacture and sale of tea beverage products. The company mainly generates revenue from Privately-owned brands and Agency brand segments in which it generates the majority of its revenue from the Agency brand segment.

Tait Marketing & Distribution Co Headlines

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