De Licacy Industrial Co (TPE:1464) ROCE % : 6.43% (As of Mar. 2024)

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What is De Licacy Industrial 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. De Licacy Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.43%.

De Licacy Industrial Co ROCE % Historical Data

The historical data trend for De Licacy Industrial 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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De Licacy Industrial Co ROCE % Chart

De Licacy Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.62

-1.23

3.66

6.70

4.30

De Licacy Industrial 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															4.63	1.42	4.50	6.25	6.43

De Licacy Industrial Co ROCE % Calculation

De Licacy Industrial 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 )
	=	425.748	/	( ( (18333.178 - 8202.967)	+	(15097.892 - 5416.237) )	/ 2 )
	=	425.748	/	( (10130.211	+	9681.655)	/ 2 )
	=	425.748	/	9905.933
	=	4.30 %

De Licacy Industrial 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 )
	=	628.46	/	( ( (15097.892 - 5416.237)	+	(14882.139 - 5021.426) )	/ 2 )
	=	628.46	/	( ( 9681.655	+	9860.713 )	/ 2 )
	=	628.46	/	9771.184
	=	6.43 %

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

De Licacy Industrial Co (TPE:1464) 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.

De Licacy Industrial Co ROCE % Related Terms

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De Licacy Industrial Co (TPE:1464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » De Licacy Industrial Co Ltd (TPE:1464) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.240, San Sher Li, Shin Shih District, Tainan, TWN, 744

Website

https://www.delicacy.com.tw

De Licacy Industrial Co Ltd is a textile manufacturing company that offers high-quality functional fabrics; coating, lamination, and bonding fabrics. The company is engaged in manufacturing plaid cloth, blended cloth, jacquard cloth, bubble cloth, telescopic cloth, chemical fiber cloth, polyester cotton cloth, satin and other textile manufacturing dyeing and finishing processing and trading business. It manufactures and markets yarn dyed fabric in various materials including cotton, polyester, viscose rayon, tencel, lyocell, polynosic, modal, nylon, linen, and stretch which are used for manufacturing shirts, bottoms, suits, outerwear, sportswear and home textiles, among others. The company operates in Japan, Singapore, Hong Kong, Europe and North America along with Taiwan.

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