Kao Hsing Chang Iron & Steel (TPE:2008) ROCE % : 0.93% (As of Dec. 2024)

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What is Kao Hsing Chang Iron & Steel 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. Kao Hsing Chang Iron & Steel's annualized ROCE % for the quarter that ended in Dec. 2024 was 0.93%.

Kao Hsing Chang Iron & Steel ROCE % Historical Data

The historical data trend for Kao Hsing Chang Iron & Steel'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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Kao Hsing Chang Iron & Steel ROCE % Chart

Kao Hsing Chang Iron & Steel Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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0.31

3.11

5.16

10.65

2.82

Kao Hsing Chang Iron & Steel 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															1.76	1.55	5.18	3.86	0.93

Kao Hsing Chang Iron & Steel ROCE % Calculation

Kao Hsing Chang Iron & Steel'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 )
	=	162.485	/	( ( (7536.198 - 1862.2)	+	(7864.472 - 2010.178) )	/ 2 )
	=	162.485	/	( (5673.998	+	5854.294)	/ 2 )
	=	162.485	/	5764.146
	=	2.82 %

Kao Hsing Chang Iron & Steel'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 )
	=	54.132	/	( ( (7738.183 - 1986.556)	+	(7864.472 - 2010.178) )	/ 2 )
	=	54.132	/	( ( 5751.627	+	5854.294 )	/ 2 )
	=	54.132	/	5802.9605
	=	0.93 %

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

Kao Hsing Chang Iron & Steel (TPE:2008) 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.

Kao Hsing Chang Iron & Steel ROCE % Related Terms

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Kao Hsing Chang Iron & Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kao Hsing Chang Iron & Steel Corp (TPE:2008) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.318, Zhonghua 1st Road, Gushan District, Kaohsiung, TWN, 804

Website

http://www.khc.com.tw

Kao Hsing Chang Iron & Steel Corp is engaged in the manufacturing, processing, and trading of steel pipes and cold-rolled steel sheets; manufacturing of metal architectural components; leasing; carpark management; and wholesale of other products. The majority of its revenue comes from the steel pipe department. Its geographical segments are Taiwan, North America, and Northeast Asia, of which the majority of the revenue comes from Taiwan.

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