Ttet Union (TPE:1232) ROCE % : 22.40% (As of Mar. 2024)

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What is Ttet Union 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. Ttet Union's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.40%.

Ttet Union ROCE % Historical Data

The historical data trend for Ttet Union'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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Ttet Union ROCE % Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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30.13

35.88

31.91

29.90

26.21

Ttet Union 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															31.27	25.61	24.57	26.82	22.40

Ttet Union ROCE % Calculation

Ttet Union'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 )
	=	1588.71	/	( ( (7393.401 - 1813.884)	+	(8180.321 - 1639.168) )	/ 2 )
	=	1588.71	/	( (5579.517	+	6541.153)	/ 2 )
	=	1588.71	/	6060.335
	=	26.21 %

Ttet Union'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 )
	=	1498.244	/	( ( (8180.321 - 1639.168)	+	(8311.292 - 1478.157) )	/ 2 )
	=	1498.244	/	( ( 6541.153	+	6833.135 )	/ 2 )
	=	1498.244	/	6687.144
	=	22.40 %

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

Ttet Union (TPE:1232) 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.

Ttet Union ROCE % Related Terms

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Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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