I-Chiun Precision Industry Co (TPE:2486) ROCE % : 0.98% (As of Mar. 2024)

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What is I-Chiun Precision 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. I-Chiun Precision Industry Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.98%.

I-Chiun Precision Industry Co ROCE % Historical Data

The historical data trend for I-Chiun Precision 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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I-Chiun Precision Industry Co ROCE % Chart

I-Chiun Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.79

-2.51

9.44

3.15

5.51

I-Chiun Precision Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															2.40	7.90	5.09	6.01	0.98

I-Chiun Precision Industry Co ROCE % Calculation

I-Chiun Precision 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 )
	=	304.245	/	( ( (7793.427 - 1848.973)	+	(7797.211 - 2688.293) )	/ 2 )
	=	304.245	/	( (5944.454	+	5108.918)	/ 2 )
	=	304.245	/	5526.686
	=	5.51 %

I-Chiun Precision Industry Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	51.048	/	( ( (7797.211 - 2688.293)	+	(7977.866 - 2701.556) )	/ 2 )
	=	51.048	/	( ( 5108.918	+	5276.31 )	/ 2 )
	=	51.048	/	5192.614
	=	0.98 %

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

I-Chiun Precision Industry Co (TPE:2486) 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.

I-Chiun Precision Industry Co ROCE % Related Terms

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I-Chiun Precision Industry Co (TPE:2486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » I-Chiun Precision Industry Co Ltd (TPE:2486) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

17, Wugong 5th Road, Hsing Chuang District, New Taipei, TWN, 24890

Website

https://www.i-chiun.com.tw

I-Chiun Precision Industry Co Ltd is mainly engaged in the manufacturing, processing, and trading of machinery and parts, electronic parts, parts for appliances, semiconductor LED lead frames, precision molds, etc., as well as relevant import and export trade and real estate leasing business. The Geographical presence of the company in China, Taiwan and Other countries. Majority of its revenue is generated from China.

I-Chiun Precision Industry Co (TPE:2486) Headlines

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