Hua Eng Wire & Cable Co (TPE:1608) ROCE % : 4.09% (As of Dec. 2024)

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What is Hua Eng Wire & Cable 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. Hua Eng Wire & Cable Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 4.09%.

Hua Eng Wire & Cable Co ROCE % Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co ROCE % Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.01

19.70

2.46

11.59

10.35

Hua Eng Wire & Cable Co 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															12.02	13.30	12.73	11.39	4.09

Hua Eng Wire & Cable Co ROCE % Calculation

Hua Eng Wire & Cable Co'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 )
	=	1016.088	/	( ( (13312.042 - 3631.264)	+	(13855.951 - 3896.534) )	/ 2 )
	=	1016.088	/	( (9680.778	+	9959.417)	/ 2 )
	=	1016.088	/	9820.0975
	=	10.35 %

Hua Eng Wire & Cable Co'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 )
	=	405.864	/	( ( (13932.217 - 4040.991)	+	(13855.951 - 3896.534) )	/ 2 )
	=	405.864	/	( ( 9891.226	+	9959.417 )	/ 2 )
	=	405.864	/	9925.3215
	=	4.09 %

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

Hua Eng Wire & Cable Co (TPE:1608) 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.

Hua Eng Wire & Cable Co ROCE % Related Terms

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Hua Eng Wire & Cable Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The Company operates through three segments: Wire, Cable, and Copper. The Wire segment is responsible for producing oxygen-free copper wire and related products. The Cable segment, on the other hand, focuses on producing power cables, communication cables, and optical fiber cables. The company's other reportable segments are mainly involved in project contracting and material trading. The Cable segment generates the majority of the company's revenue. Geographically the company generates revenue from Taiwan, which contributes major revenue, Mainland China, and Others.

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