Airtac International Group (TPE:1590) ROCE % : 22.19% (As of Mar. 2024)

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What is Airtac International Group 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. Airtac International Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.19%.

Airtac International Group ROCE % Historical Data

The historical data trend for Airtac International Group'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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Airtac International Group ROCE % Chart

Airtac International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.96

26.30

26.33

20.41

21.91

Airtac International Group 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															21.70	22.49	24.70	20.84	22.19

Airtac International Group ROCE % Calculation

Airtac International Group'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 )
	=	9084.015	/	( ( (54599.547 - 14933.554)	+	(58048.765 - 14812.407) )	/ 2 )
	=	9084.015	/	( (39665.993	+	43236.358)	/ 2 )
	=	9084.015	/	41451.1755
	=	21.91 %

Airtac International Group'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 )
	=	9496.54	/	( ( (58048.765 - 14812.407)	+	(58259.865 - 15894.861) )	/ 2 )
	=	9496.54	/	( ( 43236.358	+	42365.004 )	/ 2 )
	=	9496.54	/	42800.681
	=	22.19 %

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

Airtac International Group (TPE:1590) 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.

Airtac International Group ROCE % Related Terms

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Airtac International Group (TPE:1590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airtac International Group (TPE:1590) » Definitions » ROCE %

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Address

No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148

Website

https://global.airtac.com

Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

Airtac International Group (TPE:1590) Headlines

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