Johnson Fine Chemical Co (ROCO:7763) ROCE % : 16.48% (As of Jun. 2024)

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What is Johnson Fine Chemical 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. Johnson Fine Chemical Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 16.48%.

Johnson Fine Chemical Co ROCE % Historical Data

The historical data trend for Johnson Fine Chemical 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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Johnson Fine Chemical Co ROCE % Chart

Johnson Fine Chemical Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

27.38

24.81

17.61

Johnson Fine Chemical Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	17.01	18.16	16.48

Johnson Fine Chemical Co ROCE % Calculation

Johnson Fine Chemical 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 )
	=	175.366	/	( ( (1235.086 - 278.924)	+	(1258.398 - 222.811) )	/ 2 )
	=	175.366	/	( (956.162	+	1035.587)	/ 2 )
	=	175.366	/	995.8745
	=	17.61 %

Johnson Fine Chemical Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	172.538	/	( ( (1258.398 - 222.811)	+	(1288.323 - 230.432) )	/ 2 )
	=	172.538	/	( ( 1035.587	+	1057.891 )	/ 2 )
	=	172.538	/	1046.739
	=	16.48 %

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

Johnson Fine Chemical Co (ROCO:7763) 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.

Johnson Fine Chemical Co ROCE % Related Terms

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Johnson Fine Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Johnson Fine Chemical Co Ltd (ROCO:7763) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road. 33. Taichung Industry Park, No. 14, Taichung City, TWN

Website

https://www.johnson-fine.com

Johnson Fine Chemical Co Ltd manufactures amine-based and isocyanate-based hardenders/curing agents for CASE fields (Casting, Adhesive, Sealant, Elastomer), such as MOCA. The group is devoted to developing specialty chemicals including specialty raw materials such as monofunctional isocyanate, 1,5-diisocyanate-naphthalene, dimethylation diamino thouene, etc. Its products are Amine Curing Agent, Isocyanate Curing Agent, Isocyanate Crosslinker, Dehydrating Agent, Cesium Tungsten Oxide, and Coating System.

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