Right Way Industrial Co (TPE:1506) ROCE % : 2.45% (As of Mar. 2024)

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What is Right Way 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. Right Way Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.45%.

Right Way Industrial Co ROCE % Historical Data

The historical data trend for Right Way 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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Right Way Industrial Co ROCE % Chart

Right Way Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.64

-12.30

3.95

5.54

3.88

Right Way 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															4.05	4.04	5.73	1.12	2.45

Right Way Industrial Co ROCE % Calculation

Right Way 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 )
	=	103.887	/	( ( (2822.873 - 337.352)	+	(3177.92 - 306.835) )	/ 2 )
	=	103.887	/	( (2485.521	+	2871.085)	/ 2 )
	=	103.887	/	2678.303
	=	3.88 %

Right Way 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 )
	=	69.896	/	( ( (3177.92 - 306.835)	+	(3086.375 - 259.117) )	/ 2 )
	=	69.896	/	( ( 2871.085	+	2827.258 )	/ 2 )
	=	69.896	/	2849.1715
	=	2.45 %

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

Right Way Industrial Co (TPE:1506) 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.

Right Way Industrial Co ROCE % Related Terms

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Right Way Industrial Co (TPE:1506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Right Way Industrial Co Ltd (TPE:1506) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1015, Chung Cheng West Road, Ta Chia Village, Jeng-Der Shiang, Tainan, TWN

Website

https://www.rightway.com.tw

Right Way Industrial Co Ltd operates in the auto parts industry. The company is engaged in manufacturing and retail sale of engine, parts of automobile and motorcycles, pistons, piston rings and its accessories, components of steering systems, crankshafts and machine tools.

Right Way Industrial Co (TPE:1506) Headlines

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