Goodway Machine (TPE:1583) ROCE % : 45.42% (As of Dec. 2024)

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What is Goodway Machine 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. Goodway Machine's annualized ROCE % for the quarter that ended in Dec. 2024 was 45.42%.

Goodway Machine ROCE % Historical Data

The historical data trend for Goodway Machine'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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Goodway Machine ROCE % Chart

Goodway Machine Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.49

9.75

15.69

13.55

18.11

Goodway Machine Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															12.64	3.53	13.09	11.37	45.42

Goodway Machine ROCE % Calculation

Goodway Machine's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1640.039	/	( ( (13247.386 - 5449.855)	+	(14851.237 - 4531.995) )	/ 2 )
	=	1640.039	/	( (7797.531	+	10319.242)	/ 2 )
	=	1640.039	/	9058.3865
	=	18.11 %

Goodway Machine's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	4299.376	/	( ( (14131.24 - 5518.223)	+	(14851.237 - 4531.995) )	/ 2 )
	=	4299.376	/	( ( 8613.017	+	10319.242 )	/ 2 )
	=	4299.376	/	9466.1295
	=	45.42 %

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

Goodway Machine (TPE:1583) 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.

Goodway Machine ROCE % Related Terms

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Goodway Machine Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 13, Gongyequ 5th Road, Taichung Industrial Park, Xitun District, Taichung, TWN

Website

https://www.goodwaycnc.com

Goodway Machine Corp engaged in manufacturing, sales, and purchases of a variety of machine tools, automatic machinery and hardware, woodworking machinery, and woodworking lathes. The company has two reportable segments, the CNC Lathe segment and the Processing Machine segment, which are mainly engaged in the design, manufacturing and trading of industrial machine tools. Geographically, the company generates a majority of its revenue from Asia ( excluding Taiwan) and the rest from Europe, America, Taiwan, and other regions.

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