Ruentex Industries (TPE:2915) ROCE % : 11.62% (As of Sep. 2024)

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What is Ruentex Industries 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. Ruentex Industries's annualized ROCE % for the quarter that ended in Sep. 2024 was 11.62%.

Ruentex Industries ROCE % Historical Data

The historical data trend for Ruentex Industries'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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Ruentex Industries ROCE % Chart

Ruentex Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.11

7.22

11.61

10.76

7.57

Ruentex Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															24.78	-13.51	16.00	14.47	11.62

Ruentex Industries ROCE % Calculation

Ruentex Industries'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 )
	=	7954.506	/	( ( (102119.233 - 6167.96)	+	(116070.225 - 1880.037) )	/ 2 )
	=	7954.506	/	( (95951.273	+	114190.188)	/ 2 )
	=	7954.506	/	105070.7305
	=	7.57 %

Ruentex Industries's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	13610.904	/	( ( (120417.18 - 5423.451)	+	(121757.723 - 2469.054) )	/ 2 )
	=	13610.904	/	( ( 114993.729	+	119288.669 )	/ 2 )
	=	13610.904	/	117141.199
	=	11.62 %

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

Ruentex Industries (TPE:2915) 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.

Ruentex Industries ROCE % Related Terms

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Ruentex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ruentex Industries Ltd (TPE:2915) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.308, Section 2, Bade Road, 13th Floor - 1, Taipei, TWN

Website

https://www.ruentex.com.tw

Ruentex Industries Ltd is engaged in the textile business, including manufacturing, processing, dyeing and finishing, printing, and marketing of woven fabrics, garments, knitted fabrics, and woven fabric items, and the construction business, including commissioning of construction companies to build public housing projects and office buildings as well as leasing and sales of property.

Ruentex Industries Headlines

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