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Tan De Tech Co (ROCO:6867) ROCE % : 13.60% (As of Dec. 2023)


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What is Tan De Tech 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. Tan De Tech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.60%.


Tan De Tech Co ROCE % Historical Data

The historical data trend for Tan De Tech 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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Tan De Tech Co ROCE % Chart

Tan De Tech Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
7.67 5.52 5.29 13.88 12.29

Tan De Tech Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROCE % Get a 7-Day Free Trial 1.63 7.92 17.12 11.48 13.60

Tan De Tech Co ROCE % Calculation

Tan De Tech 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 )
=67.982/( ( (764.572 - 209.36) + (720.482 - 169.682) )/ 2 )
=67.982/( (555.212+550.8)/ 2 )
=67.982/553.006
=12.29 %

Tan De Tech Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Jun. 2023 )(Q: Dec. 2023 )
=73.588/( ( (687.55 - 156.118) + (720.482 - 169.682) )/ 2 )
=73.588/( ( 531.432 + 550.8 )/ 2 )
=73.588/541.116
=13.60 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

* 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.


Tan De Tech Co  (ROCO:6867) 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.


Tan De Tech Co ROCE % Related Terms

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Tan De Tech Co (ROCO:6867) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Dougong 9th Road, Yunlin County, Douliu City, TWN, 64069
Tan De Tech Co Ltd designs and manufactures vehicle parts. The firm produces car light guide plates, automotive LED headlights, light guide modules, LMT light distribution instruments, Side entry light guide, and signal lamp module.

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