Taiwan High Speed Rail (TPE:2633) ROCE % : 5.91% (As of Dec. 2023)

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What is Taiwan High Speed Rail 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 High Speed Rail's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.91%.

Taiwan High Speed Rail ROCE % Historical Data

The historical data trend for Taiwan High Speed Rail'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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Taiwan High Speed Rail ROCE % Chart

Taiwan High Speed Rail Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.35

2.67

2.45

2.73

4.56

Taiwan High Speed Rail 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															4.02	4.68	4.05	3.61	5.91

Taiwan High Speed Rail ROCE % Calculation

Taiwan High Speed Rail'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 )
	=	16553.375	/	( ( (400540.132 - 28950.383)	+	(402704.229 - 47862.39) )	/ 2 )
	=	16553.375	/	( (371589.749	+	354841.839)	/ 2 )
	=	16553.375	/	363215.794
	=	4.56 %

Taiwan High Speed Rail'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 )
	=	21175.068	/	( ( (395525.282 - 34070.744)	+	(402704.229 - 47862.39) )	/ 2 )
	=	21175.068	/	( ( 361454.538	+	354841.839 )	/ 2 )
	=	21175.068	/	358148.1885
	=	5.91 %

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

Taiwan High Speed Rail (TPE:2633) 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 High Speed Rail ROCE % Related Terms

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Taiwan High Speed Rail (TPE:2633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan High Speed Rail Corp (TPE:2633) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Jingmao 2nd Road, 13th Floor, Nangang District, Taipei, TWN, 11568

Website

https://www.thsrc.com.tw

Taiwan High Speed Rail Corp is principally engaged in the operation of the high-speed railway system in Taiwan. It generates revenue in the form of railroad transportation revenue.

Taiwan High Speed Rail (TPE:2633) Headlines

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