Hua Yang Precision Machinery Co (ROCO:6983) ROCE % : 8.70% (As of Dec. 2024)

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What is Hua Yang Precision Machinery 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. Hua Yang Precision Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 8.70%.

Hua Yang Precision Machinery Co ROCE % Historical Data

The historical data trend for Hua Yang Precision Machinery 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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Hua Yang Precision Machinery Co ROCE % Chart

Hua Yang Precision Machinery Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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44.89

71.77

17.63

7.92

12.99

Hua Yang Precision Machinery Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			10.30	16.00	0.25	17.16	8.70

Hua Yang Precision Machinery Co ROCE % Calculation

Hua Yang Precision Machinery Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	77.657	/	( ( (644.838 - 68.889)	+	(691.156 - 71.684) )	/ 2 )
	=	77.657	/	( (575.949	+	619.472)	/ 2 )
	=	77.657	/	597.7105
	=	12.99 %

Hua Yang Precision Machinery Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	53.492	/	( ( (694.98 - 84.417)	+	(691.156 - 71.684) )	/ 2 )
	=	53.492	/	( ( 610.563	+	619.472 )	/ 2 )
	=	53.492	/	615.0175
	=	8.70 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Hua Yang Precision Machinery Co (ROCO:6983) 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.

Hua Yang Precision Machinery Co ROCE % Related Terms

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Hua Yang Precision Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Yang Precision Machinery Co Ltd (ROCO:6983) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 360, Zhengnan 3rd Road, Yongkang District, Tainan, TWN, 710

Website

https://www.hua-yang.com.tw

Hua Yang Precision Machinery Co Ltd is engaged in research and development of suitable equipment for inspection, measurement, and automated production, to help its clients shorten their production time. Its product category comprises of Automated Optical Inspection, Automation Solution and Others.

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