Anderson Industrial (TPE:1528) ROCE % : -5.50% (As of Mar. 2024)

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What is Anderson Industrial 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. Anderson Industrial's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.50%.

Anderson Industrial ROCE % Historical Data

The historical data trend for Anderson Industrial'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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Anderson Industrial ROCE % Chart

Anderson Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.66

-3.40

11.20

8.41

1.63

Anderson Industrial 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															4.23	5.52	5.79	-8.75	-5.50

Anderson Industrial ROCE % Calculation

Anderson Industrial'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 )
	=	49.098	/	( ( (5559.022 - 2573.976)	+	(5556.368 - 2514.068) )	/ 2 )
	=	49.098	/	( (2985.046	+	3042.3)	/ 2 )
	=	49.098	/	3013.673
	=	1.63 %

Anderson Industrial'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 )
	=	-165.424	/	( ( (5556.368 - 2514.068)	+	(5632.28 - 2663.684) )	/ 2 )
	=	-165.424	/	( ( 3042.3	+	2968.596 )	/ 2 )
	=	-165.424	/	3005.448
	=	-5.50 %

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

Anderson Industrial (TPE:1528) 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.

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Anderson Industrial (TPE:1528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Anderson Industrial Corp (TPE:1528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Zhongshan North Road, 5th Floor, Section 6, Shilin District, Taipei, TWN, 11155

Website

https://www.anderson.com.tw

Anderson Industrial Corp is mainly engaged in the design, manufacture, sale, import, and export of computer numerical control (CNC) machinery, tooling, lumber, wood panels, and building materials. It serves various industries such as Aerospace, Automotive, Composites Materials, Marine, Railway, Wood, metal, and Other Industries. Some of the products include STRATOS IP Series, ASTRIXX Series, MASS 5 Axis Series, AXXIOM Series, ANDIMAXX Series, and Others.

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