APEX Wind Power Equipment Manufacturing (ROCO:7702) ROCE % : 20.99% (As of Dec. 2023)

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What is APEX Wind Power Equipment Manufacturing 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. APEX Wind Power Equipment Manufacturing's annualized ROCE % for the quarter that ended in Dec. 2023 was 20.99%.

APEX Wind Power Equipment Manufacturing ROCE % Historical Data

The historical data trend for APEX Wind Power Equipment Manufacturing'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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APEX Wind Power Equipment Manufacturing ROCE % Chart

APEX Wind Power Equipment Manufacturing Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

10.27

4.27

18.79

APEX Wind Power Equipment Manufacturing Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	-0.30	8.67	16.03	20.99

APEX Wind Power Equipment Manufacturing ROCE % Calculation

APEX Wind Power Equipment Manufacturing'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 )
	=	163.104	/	( ( (907.916 - 45.991)	+	(1026.841 - 152.329) )	/ 2 )
	=	163.104	/	( (861.925	+	874.512)	/ 2 )
	=	163.104	/	868.2185
	=	18.79 %

APEX Wind Power Equipment Manufacturing'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 )
	=	185.518	/	( ( (970.336 - 76.945)	+	(1026.841 - 152.329) )	/ 2 )
	=	185.518	/	( ( 893.391	+	874.512 )	/ 2 )
	=	185.518	/	883.9515
	=	20.99 %

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

APEX Wind Power Equipment Manufacturing (ROCO:7702) 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.

APEX Wind Power Equipment Manufacturing ROCE % Related Terms

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APEX Wind Power Equipment Manufacturing (ROCO:7702) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » APEX Wind Power Equipment Manufacturing (ROCO:7702) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17F, No. 97, Sec. 4 Road, Chongxin Road, Sanchong District, New Taipei, TWN, 24161

Website

https://www.apexwp.com.tw

APEX Wind Power Equipment Manufacturing is a company that provides services ranging from steel plate storage, flame cutting (CNC), edge beveling, plate rolling, SAW submerged arc welding, to finished product related dimensional measurement and non-destructive test, APEX's one-stop service satisfies all clients with first-class products. It has great steel structure processing abilities and provides clients with the best services.

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