Axman Enterprise Co (ROCO:6804) ROCE % : 1.80% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Axman Enterprise 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. Axman Enterprise Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.80%.

Axman Enterprise Co ROCE % Historical Data

The historical data trend for Axman Enterprise 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.

Axman Enterprise Co ROCE % Chart

Axman Enterprise Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.27

4.28

6.87

18.73

10.33

Axman Enterprise Co Quarterly Data
	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														15.55	17.84	10.76	0.08	1.80

Axman Enterprise Co ROCE % Calculation

Axman Enterprise 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 )
	=	160.003	/	( ( (2331.186 - 1020.374)	+	(2384.95 - 598.986) )	/ 2 )
	=	160.003	/	( (1310.812	+	1785.964)	/ 2 )
	=	160.003	/	1548.388
	=	10.33 %

Axman Enterprise 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 )
	=	31.288	/	( ( (2384.95 - 598.986)	+	(2351.591 - 659.843) )	/ 2 )
	=	31.288	/	( ( 1785.964	+	1691.748 )	/ 2 )
	=	31.288	/	1738.856
	=	1.80 %

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

Axman Enterprise Co (ROCO:6804) 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.

Axman Enterprise Co ROCE % Related Terms

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

Axman Enterprise Co (ROCO:6804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Axman Enterprise Co Ltd (ROCO:6804) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Zhongshan Road, Section 3, Daqiao Village, Dacun Township, Changhua County, Changhua, TWN, 515

Website

https://zh-tw.axman.com.tw

Axman Enterprise Co Ltd is engaged in the design and manufacture of bicycles, road bikes, and mountain bikes. Also, the company manufactures and supplies carbon fiber frames.

Axman Enterprise Co (ROCO:6804) Headlines

No Headlines