Chung Fu Tex-International (TPE:1435) ROCE % : -3.21% (As of Sep. 2024)

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What is Chung Fu Tex-International 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. Chung Fu Tex-International's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.21%.

Chung Fu Tex-International ROCE % Historical Data

The historical data trend for Chung Fu Tex-International'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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Chung Fu Tex-International ROCE % Chart

Chung Fu Tex-International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.96

-2.05

0.57

-17.64

-3.03

Chung Fu Tex-International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.06	-2.27	-1.21	-1.92	-3.21

Chung Fu Tex-International ROCE % Calculation

Chung Fu Tex-International'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 )
	=	-41.242	/	( ( (1213.263 - 17.231)	+	(1530.183 - 4.23) )	/ 2 )
	=	-41.242	/	( (1196.032	+	1525.953)	/ 2 )
	=	-41.242	/	1360.9925
	=	-3.03 %

Chung Fu Tex-International's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-46.472	/	( ( (1461.416 - 7.708)	+	(1447.782 - 7.655) )	/ 2 )
	=	-46.472	/	( ( 1453.708	+	1440.127 )	/ 2 )
	=	-46.472	/	1446.9175
	=	-3.21 %

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

Chung Fu Tex-International (TPE:1435) 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.

Chung Fu Tex-International ROCE % Related Terms

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Chung Fu Tex-International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Chung Fu Tex-International Corp (TPE:1435) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Jingping Road, 2nd Floor, Zhonghe District, New Taipei, TWN

Website

https://www.chungfutex.com.tw

Chung Fu Tex-International Corp is a Taiwan-based company principally engaged in the leasing of factory warehouses and hotels. The company is engaged in the following businesses: the Warehouse industry, the Tobacco and alcohol retail industry, and housing and building development and rental.

Chung Fu Tex-International Headlines

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