Nien Made Enterprise Co (TPE:8464) ROCE % : 29.71% (As of Mar. 2024)

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What is Nien Made Enterprise 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. Nien Made Enterprise Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.71%.

Nien Made Enterprise Co ROCE % Historical Data

The historical data trend for Nien Made Enterprise 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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Nien Made Enterprise Co ROCE % Chart

Nien Made Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.62

39.51

39.87

38.47

31.60

Nien Made Enterprise 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															23.69	34.42	33.38	36.67	29.71

Nien Made Enterprise Co ROCE % Calculation

Nien Made Enterprise 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 )
	=	8037.791	/	( ( (30553.646 - 6575.015)	+	(32610.615 - 5720.534) )	/ 2 )
	=	8037.791	/	( (23978.631	+	26890.081)	/ 2 )
	=	8037.791	/	25434.356
	=	31.60 %

Nien Made Enterprise 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 )
	=	7774.26	/	( ( (32610.615 - 5720.534)	+	(34945.681 - 9501.764) )	/ 2 )
	=	7774.26	/	( ( 26890.081	+	25443.917 )	/ 2 )
	=	7774.26	/	26166.999
	=	29.71 %

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

Nien Made Enterprise Co (TPE:8464) 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.

Nien Made Enterprise Co ROCE % Related Terms

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Nien Made Enterprise Co (TPE:8464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nien Made Enterprise Co Ltd (TPE:8464) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 , 23rd Floor, No. 98 , Chengbei Shizheng N. 7th Road, Xitun District, Taichung, TWN

Website

https://www.nienmade.com.tw

Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are window coverings and other, out of which the majority of revenue is generated by sales of window coverings.

Nien Made Enterprise Co (TPE:8464) Headlines

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