Taiwan Navigation Co (TPE:2617) ROCE % : 6.93% (As of Mar. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Taiwan Navigation 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. Taiwan Navigation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.93%.

Taiwan Navigation Co ROCE % Historical Data

The historical data trend for Taiwan Navigation 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.

* Premium members only.

Taiwan Navigation Co ROCE % Chart

Taiwan Navigation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.97

5.06

7.82

10.31

10.29

Taiwan Navigation 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															4.76	6.80	23.35	6.92	6.93

Taiwan Navigation Co ROCE % Calculation

Taiwan Navigation 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 )
	=	2361.341	/	( ( (24623.62 - 1762.05)	+	(24555.124 - 1521.196) )	/ 2 )
	=	2361.341	/	( (22861.57	+	23033.928)	/ 2 )
	=	2361.341	/	22947.749
	=	10.29 %

Taiwan Navigation 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 )
	=	1618.396	/	( ( (24555.124 - 1521.196)	+	(25247.489 - 1577.111) )	/ 2 )
	=	1618.396	/	( ( 23033.928	+	23670.378 )	/ 2 )
	=	1618.396	/	23352.153
	=	6.93 %

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

Taiwan Navigation Co (TPE:2617) 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.

Taiwan Navigation Co ROCE % Related Terms

Thank you for viewing the detailed overview of Taiwan Navigation Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Navigation Co (TPE:2617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Navigation Co Ltd (TPE:2617) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100

Website

https://www.taiwanline.com.tw

Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

Taiwan Navigation Co (TPE:2617) Headlines

No Headlines