Lian Hwa Foods (TPE:1231) ROCE % : 14.86% (As of Mar. 2024)

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What is Lian Hwa Foods 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. Lian Hwa Foods's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.86%.

Lian Hwa Foods ROCE % Historical Data

The historical data trend for Lian Hwa Foods'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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Lian Hwa Foods ROCE % Chart

Lian Hwa Foods Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.59

15.91

16.86

16.73

14.73

Lian Hwa Foods 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															14.84	6.62	10.67	25.86	14.86

Lian Hwa Foods ROCE % Calculation

Lian Hwa Foods'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 )
	=	1247.413	/	( ( (10518.025 - 2936.923)	+	(13008.212 - 3648.302) )	/ 2 )
	=	1247.413	/	( (7581.102	+	9359.91)	/ 2 )
	=	1247.413	/	8470.506
	=	14.73 %

Lian Hwa Foods'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 )
	=	1433.384	/	( ( (13008.212 - 3648.302)	+	(13654.548 - 3728.455) )	/ 2 )
	=	1433.384	/	( ( 9359.91	+	9926.093 )	/ 2 )
	=	1433.384	/	9643.0015
	=	14.86 %

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

Lian Hwa Foods (TPE:1231) 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.

Lian Hwa Foods ROCE % Related Terms

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Lian Hwa Foods (TPE:1231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Lian Hwa Foods Corp (TPE:1231) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 148, Dihua Street, Section 1, Taipei, TWN

Website

https://www.lianhwa.com.tw

Lian Hwa Foods Corp is engaged in manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. The Operating Segments are Snack Food Division and RTE (Ready-to-Eat) Foods Division, majorly the company earns revenue from domestic market.

Lian Hwa Foods (TPE:1231) Headlines

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