Wei Chih Steel Industrial Co (TPE:2028) ROCE % : 3.67% (As of Dec. 2024)

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What is Wei Chih Steel Industrial 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. Wei Chih Steel Industrial Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.67%.

Wei Chih Steel Industrial Co ROCE % Historical Data

The historical data trend for Wei Chih Steel Industrial 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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Wei Chih Steel Industrial Co ROCE % Chart

Wei Chih Steel Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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14.60

36.40

16.09

9.24

6.77

Wei Chih Steel Industrial 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															9.93	12.95	8.73	2.58	3.67

Wei Chih Steel Industrial Co ROCE % Calculation

Wei Chih Steel Industrial 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 )
	=	421.792	/	( ( (8645.106 - 2719.54)	+	(9912.163 - 3379.253) )	/ 2 )
	=	421.792	/	( (5925.566	+	6532.91)	/ 2 )
	=	421.792	/	6229.238
	=	6.77 %

Wei Chih Steel Industrial 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 )
	=	231.532	/	( ( (9642.407 - 3559.157)	+	(9912.163 - 3379.253) )	/ 2 )
	=	231.532	/	( ( 6083.25	+	6532.91 )	/ 2 )
	=	231.532	/	6308.08
	=	3.67 %

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

Wei Chih Steel Industrial Co (TPE:2028) 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.

Wei Chih Steel Industrial Co ROCE % Related Terms

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Wei Chih Steel Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Wei Chih Steel Industrial Co Ltd (TPE:2028) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.123, NanBu Village, Guantian District, Tainan, TWN

Website

http://www.weichih.com.tw

Wei Chih Steel Industrial Co Ltd manufactures and markets steel bars and rods, steel billets, wire rods, and other steel products. The company offers reinforced and deformed steel bars which are used in general construction and building structure applications. The Company operates a single industry only, mainly for the steel process and manufacture of steel bars, bar steels, billet steel, and wire rods.

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