Chung Hung Steel Co (TPE:2014) ROCE % : -4.49% (As of Jun. 2024)

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What is Chung Hung Steel 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. Chung Hung Steel Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -4.49%.

Chung Hung Steel Co ROCE % Historical Data

The historical data trend for Chung Hung Steel 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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Chung Hung Steel Co ROCE % Chart

Chung Hung Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.62

2.80

28.47

-4.00

1.49

Chung Hung Steel Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-3.27	-1.96	2.36	1.83	-4.49

Chung Hung Steel Co ROCE % Calculation

Chung Hung Steel 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 )
	=	366.377	/	( ( (36764.877 - 11681.933)	+	(32992.662 - 8922.639) )	/ 2 )
	=	366.377	/	( (25082.944	+	24070.023)	/ 2 )
	=	366.377	/	24576.4835
	=	1.49 %

Chung Hung Steel Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-1065.46	/	( ( (33457.766 - 9495.373)	+	(32421.6 - 8968.258) )	/ 2 )
	=	-1065.46	/	( ( 23962.393	+	23453.342 )	/ 2 )
	=	-1065.46	/	23707.8675
	=	-4.49 %

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

Chung Hung Steel Co (TPE:2014) 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.

Chung Hung Steel Co ROCE % Related Terms

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Chung Hung Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chung Hung Steel Co Ltd (TPE:2014) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 317, Yuliao Road, Yuliao Lane, Qiaotou District, Kaohsiung, TWN, 825

Website

https://www.chsteel.com.tw

Chung Hung Steel Co Ltd is engaged in manufacturing, processing, and distribution of steel products. The company produces steel products including hot and cold galvanized coils, fine blanking coils, hot rolled temper grade coils, hot rolled pickled and oiled coils, and hot rolled bands. It has two operating segments; The Corporation segment which manufacture, process and sell steel products, and Other corporations segment which includes Hung Kao Investment Corporation engaged in general investment. Geographically, it derives a majority revenue from Taiwan.

Chung Hung Steel Co Headlines

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