Huang Hsiang Construction (TPE:2545) ROCE % : 12.69% (As of Mar. 2024)

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What is Huang Hsiang 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. Huang Hsiang Construction's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.69%.

Huang Hsiang Construction ROCE % Historical Data

The historical data trend for Huang Hsiang 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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Huang Hsiang Construction ROCE % Chart

Huang Hsiang Construction Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.05

9.54

11.80

9.60

6.01

Huang Hsiang Construction 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															1.56	0.22	5.40	17.81	12.69

Huang Hsiang Construction ROCE % Calculation

Huang Hsiang 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 )
	=	1554.475	/	( ( (50803.509 - 24459.222)	+	(53830.926 - 28437.036) )	/ 2 )
	=	1554.475	/	( (26344.287	+	25393.89)	/ 2 )
	=	1554.475	/	25869.0885
	=	6.01 %

Huang Hsiang Construction'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 )
	=	3264.8	/	( ( (53830.926 - 28437.036)	+	(53904.079 - 27851.031) )	/ 2 )
	=	3264.8	/	( ( 25393.89	+	26053.048 )	/ 2 )
	=	3264.8	/	25723.469
	=	12.69 %

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

Huang Hsiang Construction (TPE:2545) 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.

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Huang Hsiang Construction (TPE:2545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Huang Hsiang Construction Corp (TPE:2545) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 38, Bo'ai Road, 8th Floor, Zhongzheng District, Taipei, TWN

Website

https://www.hhe.com.tw

Huang Hsiang Construction Corp is principally engaged in the development of residential properties, the lease or sales of commercial buildings, comprehensive constructions, the development of specific districts, and hotel operations. The group has three operating segments: Development department which is engaged in the development of commercial and residential buildings for leasing and sales; Construction department which is engaged in the business of construction and civil engineering; Hotel department which is engaged in the business of accommodation and catering services. The company generates all of its revenue from the Taiwan market.

Huang Hsiang Construction (TPE:2545) Headlines

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