Polygreen Resources Co (ROCO:8423) ROCE % : 7.09% (As of Mar. 2024)

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What is Polygreen Resources 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. Polygreen Resources Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.09%.

Polygreen Resources Co ROCE % Historical Data

The historical data trend for Polygreen Resources 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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Polygreen Resources Co ROCE % Chart

Polygreen Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.64

6.71

5.90

8.83

6.25

Polygreen Resources Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.36	12.40	7.34	4.34	7.09

Polygreen Resources Co ROCE % Calculation

Polygreen Resources 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 )
	=	32.75	/	( ( (539.472 - 75.948)	+	(689.205 - 104.744) )	/ 2 )
	=	32.75	/	( (463.524	+	584.461)	/ 2 )
	=	32.75	/	523.9925
	=	6.25 %

Polygreen Resources 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 )
	=	48.852	/	( ( (689.205 - 104.744)	+	(896.745 - 102.997) )	/ 2 )
	=	48.852	/	( ( 584.461	+	793.748 )	/ 2 )
	=	48.852	/	689.1045
	=	7.09 %

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

Polygreen Resources Co (ROCO:8423) 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.

Polygreen Resources Co ROCE % Related Terms

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Polygreen Resources Co (ROCO:8423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Polygreen Resources Co Ltd (ROCO:8423) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Sound Road, Cannon Place, P.O. Box 712, Suite 102, Grand Cayman, CYM, KY1 9006

Website

http://www.pgr.com.tw

Polygreen Resources Co Ltd is engaged in the rubber recycling business, offering its products to manufacturers of the tire and conveyor belt industries. The company manufactures premium-quality reclaimed rubber, crumb rubber, and rubber granule. Its products include TYREC-Tyrec Reclaimed Rubber, BUREC-Butyl Reclaimed Rubber, NAREC-Natural Inner Tube Reclaimed Rubber, RUBBER GRANULE, and T-MESH-Crumb Rubber. It has one operating segment which focuses on the manufacturing and sales of reclaimed rubber. The company operates in Malaysia, Japan, Indonesia, Vietnam, Taiwan, and other countries, of which key revenue is derived from Malaysia.

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