Everspring Industry Co (TPE:2390) ROCE % : -11.09% (As of Sep. 2024)

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What is Everspring Industry 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. Everspring Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.09%.

Everspring Industry Co ROCE % Historical Data

The historical data trend for Everspring Industry 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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Everspring Industry Co ROCE % Chart

Everspring Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.49

8.68

47.51

-25.93

-2.08

Everspring Industry Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.94	-7.57	-20.35	6.68	-11.09

Everspring Industry Co ROCE % Calculation

Everspring Industry 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 )
	=	-55.001	/	( ( (3217.819 - 519.29)	+	(3050.152 - 461.851) )	/ 2 )
	=	-55.001	/	( (2698.529	+	2588.301)	/ 2 )
	=	-55.001	/	2643.415
	=	-2.08 %

Everspring Industry Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-273.348	/	( ( (2844.92 - 334.029)	+	(2783.32 - 365.203) )	/ 2 )
	=	-273.348	/	( ( 2510.891	+	2418.117 )	/ 2 )
	=	-273.348	/	2464.504
	=	-11.09 %

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

Everspring Industry Co (TPE:2390) 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.

Everspring Industry Co ROCE % Related Terms

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Everspring Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Everspring Industry Co Ltd (TPE:2390) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhonghua Road, 3rd Floor, No.50, Sec. 1, Tucheng District, New Taipei City, TWN, 23666

Website

https://www.everspring.com

Everspring Industry Co Ltd is a Taiwan-based company engaged in the production of burglar alarms, surveillance devices, home automation appliances, and security lighting. It offers home and building solutions that cover products such as solar sirens, panic buttons, door contact sensors, flood detectors, dimmer plugs, door and window sensors, and other related products. Its reportable segments are Intelligent security control which generates key revenue, and the Security service segment. Geographically, the company derives its key revenue from Taiwan and the rest from China, and other regions.

Everspring Industry Co Headlines

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