Highwealth Construction (TPE:2542) ROCE % : 8.37% (As of Dec. 2023)

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What is Highwealth Construction 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. Highwealth Construction's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.37%.

Highwealth Construction ROCE % Historical Data

The historical data trend for Highwealth Construction'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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Highwealth Construction ROCE % Chart

Highwealth Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.96

6.20

17.80

7.87

15.57

Highwealth Construction Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															18.99	11.86	12.33	29.60	8.37

Highwealth Construction ROCE % Calculation

Highwealth Construction'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 )
	=	11945.226	/	( ( (225166.557 - 147531.551)	+	(226874.741 - 151099.455) )	/ 2 )
	=	11945.226	/	( (77635.006	+	75775.286)	/ 2 )
	=	11945.226	/	76705.146
	=	15.57 %

Highwealth Construction's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	6455.304	/	( ( (226729.223 - 148180.587)	+	(226874.741 - 151099.455) )	/ 2 )
	=	6455.304	/	( ( 78548.636	+	75775.286 )	/ 2 )
	=	6455.304	/	77161.961
	=	8.37 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Highwealth Construction (TPE:2542) 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.

Highwealth Construction ROCE % Related Terms

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Highwealth Construction (TPE:2542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Highwealth Construction Corp (TPE:2542) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.267, Lequn 2nd Road, 10th Floor, Zhongshan District, Taipei, TWN, 10491

Website

https://www.highwealth.com.tw

Highwealth Construction Corp is engaged in the business of construction, sales, and leasing of residential and commercial buildings. Geographically the activities are carried out in Taiwan. The firm has three segments: Developing; Constructing, Department stores, and hotel. The developing segment that derives the majority of revenue is responsible for developing new construction or rental opportunities. Constructing segment is responsible for constructing buildings. Department stores and hotel segment manage department stores, supermarkets, and operating a hotel and catering services.

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