Far EasTone Telecommunications Co (TPE:4904) ROCE % : 10.47% (As of Dec. 2023)

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What is Far EasTone Telecommunications 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. Far EasTone Telecommunications Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.47%.

Far EasTone Telecommunications Co ROCE % Historical Data

The historical data trend for Far EasTone Telecommunications 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.

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Far EasTone Telecommunications Co ROCE % Chart

Far EasTone Telecommunications Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.81

8.27

8.01

8.90

9.72

Far EasTone Telecommunications Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.84	10.00	10.91	11.82	10.47

Far EasTone Telecommunications Co ROCE % Calculation

Far EasTone Telecommunications 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 )
	=	14624.157	/	( ( (170700.523 - 28940.943)	+	(195026.434 - 35785.997) )	/ 2 )
	=	14624.157	/	( (141759.58	+	159240.437)	/ 2 )
	=	14624.157	/	150500.0085
	=	9.72 %

Far EasTone Telecommunications Co'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 )
	=	15021.556	/	( ( (165426.464 - 37602.199)	+	(195026.434 - 35785.997) )	/ 2 )
	=	15021.556	/	( ( 127824.265	+	159240.437 )	/ 2 )
	=	15021.556	/	143532.351
	=	10.47 %

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

Far EasTone Telecommunications Co (TPE:4904) 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.

Far EasTone Telecommunications Co ROCE % Related Terms

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Far EasTone Telecommunications Co (TPE:4904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Far EasTone Telecommunications Co Ltd (TPE:4904) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Tun-Hwa South Road, 28th Floor, Section 2, Taipei, TWN

Website

http://www.fareastone.com.tw

Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.

Far EasTone Telecommunications Co (TPE:4904) Headlines

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