Shihlin Electric & Engineering (TPE:1503) ROCE % : 15.62% (As of Mar. 2024)

View and export this data going back to 1969. Start your Free Trial

What is Shihlin Electric & Engineering 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. Shihlin Electric & Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.62%.

Shihlin Electric & Engineering ROCE % Historical Data

The historical data trend for Shihlin Electric & Engineering'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.

* Premium members only.

Shihlin Electric & Engineering ROCE % Chart

Shihlin Electric & Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.19

7.72

8.33

9.00

9.37

Shihlin Electric & Engineering 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															13.71	9.26	9.91	4.13	15.62

Shihlin Electric & Engineering ROCE % Calculation

Shihlin Electric & Engineering'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 )
	=	3158.083	/	( ( (49381.8 - 17937.369)	+	(53738.913 - 17796.831) )	/ 2 )
	=	3158.083	/	( (31444.431	+	35942.082)	/ 2 )
	=	3158.083	/	33693.2565
	=	9.37 %

Shihlin Electric & Engineering'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 )
	=	6186.592	/	( ( (53738.913 - 17796.831)	+	(60202.867 - 16923.172) )	/ 2 )
	=	6186.592	/	( ( 35942.082	+	43279.695 )	/ 2 )
	=	6186.592	/	39610.8885
	=	15.62 %

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

Shihlin Electric & Engineering (TPE:1503) 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.

Shihlin Electric & Engineering ROCE % Related Terms

Thank you for viewing the detailed overview of Shihlin Electric & Engineering's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shihlin Electric & Engineering (TPE:1503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shihlin Electric & Engineering Corp (TPE:1503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Zhongshan North Road, Section 6, 16th Floor, Taipei, TWN, 111

Website

https://www.seec.com.tw

Shihlin Electric & Engineering Corp is a Taiwan-based company The Group is engaged in the manufacture of heavy electrical equipment and machinery and automotive electrical equipment, devices, and related parts The company's product portfolio is categorized into five groups: automobile equipment systems, breaker switchgear and systems, heavy electric systems, and factory automation and system engineering products. The company operates production facilities in Taiwan, mainland China, and Vietnam.

Shihlin Electric & Engineering (TPE:1503) Headlines

No Headlines