Evergreen Marine (Taiwan) (TPE:2603) ROCE % : 23.12% (As of Dec. 2024)

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What is Evergreen Marine (Taiwan) 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. Evergreen Marine (Taiwan)'s annualized ROCE % for the quarter that ended in Dec. 2024 was 23.12%.

Evergreen Marine (Taiwan) ROCE % Historical Data

The historical data trend for Evergreen Marine (Taiwan)'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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Evergreen Marine (Taiwan) ROCE % Chart

Evergreen Marine (Taiwan) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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14.41

76.34

65.77

10.30

26.82

Evergreen Marine (Taiwan) 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															4.93	13.93	22.22	47.39	23.12

Evergreen Marine (Taiwan) ROCE % Calculation

Evergreen Marine (Taiwan)'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 )
	=	185576.436	/	( ( (731830.758 - 111750.258)	+	(914213.59 - 150345.441) )	/ 2 )
	=	185576.436	/	( (620080.5	+	763868.149)	/ 2 )
	=	185576.436	/	691974.3245
	=	26.82 %

Evergreen Marine (Taiwan)'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 )
	=	171977.048	/	( ( (861414.863 - 137888.578)	+	(914213.59 - 150345.441) )	/ 2 )
	=	171977.048	/	( ( 723526.285	+	763868.149 )	/ 2 )
	=	171977.048	/	743697.217
	=	23.12 %

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

Evergreen Marine (Taiwan) (TPE:2603) 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.

Evergreen Marine (Taiwan) ROCE % Related Terms

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Evergreen Marine (Taiwan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Evergreen Marine Corp (Taiwan) Ltd (TPE:2603) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 166, Minsheng East Road, Section 2, Zhongshan District, Taipei, TWN

Website

https://www.evergreen-marine.com

Evergreen Marine Corp (Taiwan) Ltd is engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. The company's main source of revenue is generated by transporting goods via its fleet of cargo ships. It has a geographic presence in Asia, the Americas, and Europe, and Taiwan. It generates the majority of its revenue from Asia.

Evergreen Marine (Taiwan) Headlines

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