Evergreen Aviation Technologies (TPE:2645) ROCE % : 13.94% (As of Mar. 2024)

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What is Evergreen Aviation Technologies 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 Aviation Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.94%.

Evergreen Aviation Technologies ROCE % Historical Data

The historical data trend for Evergreen Aviation Technologies'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 Aviation Technologies ROCE % Chart

Evergreen Aviation Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.03

6.66

6.13

11.24

12.51

Evergreen Aviation Technologies Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial											8.85	17.61	17.22	6.70	13.94

Evergreen Aviation Technologies ROCE % Calculation

Evergreen Aviation Technologies'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 )
	=	2388.822	/	( ( (21774.703 - 3281.919)	+	(23009.141 - 3305.694) )	/ 2 )
	=	2388.822	/	( (18492.784	+	19703.447)	/ 2 )
	=	2388.822	/	19098.1155
	=	12.51 %

Evergreen Aviation Technologies'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 )
	=	2680.4	/	( ( (23009.141 - 3305.694)	+	(23629.684 - 4879.834) )	/ 2 )
	=	2680.4	/	( ( 19703.447	+	18749.85 )	/ 2 )
	=	2680.4	/	19226.6485
	=	13.94 %

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

Evergreen Aviation Technologies (TPE:2645) 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 Aviation Technologies ROCE % Related Terms

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Evergreen Aviation Technologies (TPE:2645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Evergreen Aviation Technologies Corp (TPE:2645) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Hang-Zhan South Road, Taiwan Taoyuan International Airport, Dayuan District, Taoyuan, TWN, 337

Website

https://www.egat.com.tw

Evergreen Aviation Technologies Corp is engaged in delivering aircraft maintenance solutions to airline partners. It offers various services such as Ramp and Aog services, HMV and Base services, Aircraft conversion, and Component LRU Overhauls among others. The company's segmen includes Maintenance and Manufacturing. It generates maximum revenue from the Maintenance segment.

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