Chang Type Industrial Co (TPE:1541) ROCE % : 11.62% (As of Mar. 2024)

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What is Chang Type 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. Chang Type Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.62%.

Chang Type Industrial Co ROCE % Historical Data

The historical data trend for Chang Type 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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Chang Type Industrial Co ROCE % Chart

Chang Type Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.08

33.72

18.15

16.66

6.84

Chang Type 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															6.57	-3.71	17.86	7.67	11.62

Chang Type Industrial Co ROCE % Calculation

Chang Type 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 )
	=	165.058	/	( ( (3611.116 - 1282.112)	+	(3978.257 - 1483.518) )	/ 2 )
	=	165.058	/	( (2329.004	+	2494.739)	/ 2 )
	=	165.058	/	2411.8715
	=	6.84 %

Chang Type 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 )
	=	289.032	/	( ( (3978.257 - 1483.518)	+	(3691.57 - 1211.357) )	/ 2 )
	=	289.032	/	( ( 2494.739	+	2480.213 )	/ 2 )
	=	289.032	/	2487.476
	=	11.62 %

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

Chang Type Industrial Co (TPE:1541) 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.

Chang Type Industrial Co ROCE % Related Terms

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Chang Type Industrial Co (TPE:1541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chang Type Industrial Co Ltd (TPE:1541) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 41, Nan-Tsuen Road, Ho-Li, Taichung, TWN, 42127

Website

https://www.toty.com.tw

Chang Type Industrial Co Ltd engages in manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. The Company is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.. The company's products include miter saws, scroll saws, radial arm saws and band saws and also manufacture motors, IC controls boards for power tools.

Chang Type Industrial Co (TPE:1541) Headlines

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