Sincere Security (ROCO:6721) ROCE % : 14.35% (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Sincere Security 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. Sincere Security's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.35%.

Sincere Security ROCE % Historical Data

The historical data trend for Sincere Security'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.

* Premium members only.

Sincere Security ROCE % Chart

Sincere Security Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

22.39

34.41

29.93

15.55

15.62

Sincere Security Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.62	18.74	13.91	16.98	14.35

Sincere Security ROCE % Calculation

Sincere Security'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 )
	=	96.423	/	( ( (1021.108 - 412.768)	+	(1141.603 - 515.581) )	/ 2 )
	=	96.423	/	( (608.34	+	626.022)	/ 2 )
	=	96.423	/	617.181
	=	15.62 %

Sincere Security'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 )
	=	91.168	/	( ( (1141.603 - 515.581)	+	(1055.204 - 410.491) )	/ 2 )
	=	91.168	/	( ( 626.022	+	644.713 )	/ 2 )
	=	91.168	/	635.3675
	=	14.35 %

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

Sincere Security (ROCO:6721) 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.

Sincere Security ROCE % Related Terms

Thank you for viewing the detailed overview of Sincere Security's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sincere Security (ROCO:6721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sincere Security Corp Ltd (ROCO:6721) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 5, 2nd Floor, 201 Heping Street, Hsinchu County, Zhubei, TWN

Website

http://www.sincere-group.com.tw

Sincere Security Corp Ltd is a Taiwan based company involved in property management, cleaning services, mechanical and electrical air-conditioning maintenance and security monitoring. It provides services at science parks, hypermarkets, commercial buildings, schools, golf courses, villas and residential areas, and government units.

Sincere Security (ROCO:6721) Headlines

No Headlines