U-Ming Marine Transport (TPE:2606) ROCE % : 8.63% (As of Mar. 2024)

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What is U-Ming Marine Transport 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. U-Ming Marine Transport's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.63%.

U-Ming Marine Transport ROCE % Historical Data

The historical data trend for U-Ming Marine Transport'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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U-Ming Marine Transport ROCE % Chart

U-Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.17

2.77

12.14

9.68

6.72

U-Ming Marine Transport 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															3.82	7.07	7.04	7.87	8.63

U-Ming Marine Transport ROCE % Calculation

U-Ming Marine Transport'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 )
	=	4124.915	/	( ( (76426.39 - 16538.576)	+	(80633.941 - 17676.065) )	/ 2 )
	=	4124.915	/	( (59887.814	+	62957.876)	/ 2 )
	=	4124.915	/	61422.845
	=	6.72 %

U-Ming Marine Transport'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 )
	=	5564.036	/	( ( (80633.941 - 17676.065)	+	(84718.594 - 18707.541) )	/ 2 )
	=	5564.036	/	( ( 62957.876	+	66011.053 )	/ 2 )
	=	5564.036	/	64484.4645
	=	8.63 %

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

U-Ming Marine Transport (TPE:2606) 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.

U-Ming Marine Transport ROCE % Related Terms

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U-Ming Marine Transport (TPE:2606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U-Ming Marine Transport Corp (TPE:2606) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106

Website

http://www.uming.com.tw

U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.

U-Ming Marine Transport (TPE:2606) Headlines

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