Taiwan Auto-Design Co (ROCO:6791) ROCE % : 27.98% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Taiwan Auto-Design 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. Taiwan Auto-Design Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 27.98%.

Taiwan Auto-Design Co ROCE % Historical Data

The historical data trend for Taiwan Auto-Design 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.

* Premium members only.

Taiwan Auto-Design Co ROCE % Chart

Taiwan Auto-Design Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

16.97

24.68

25.99

22.05

20.25

Taiwan Auto-Design Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial												20.46	23.39	23.43	17.60	27.98

Taiwan Auto-Design Co ROCE % Calculation

Taiwan Auto-Design 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 )
	=	98.5	/	( ( (720.544 - 239.657)	+	(746.011 - 254.072) )	/ 2 )
	=	98.5	/	( (480.887	+	491.939)	/ 2 )
	=	98.5	/	486.413
	=	20.25 %

Taiwan Auto-Design Co'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 )
	=	131.144	/	( ( (746.011 - 254.072)	+	(742.439 - 297.086) )	/ 2 )
	=	131.144	/	( ( 491.939	+	445.353 )	/ 2 )
	=	131.144	/	468.646
	=	27.98 %

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

Taiwan Auto-Design Co (ROCO:6791) 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.

Taiwan Auto-Design Co ROCE % Related Terms

Thank you for viewing the detailed overview of Taiwan Auto-Design Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Auto-Design Co (ROCO:6791) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taiwan Auto-Design Co (ROCO:6791) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

County Min Avenue, 11th Floor, No. 68, Section 2, Banqiao District, New Taipei City, TWN, 22065

Website

https://www.cadmen.com

Taiwan Auto-Design Co provides high-speed parallel computing and cloud application development. Through cloud technology, its customers can flexibly apply software and build a knowledge platform combined with big data analysis.

Taiwan Auto-Design Co (ROCO:6791) Headlines

No Headlines