Forest Water Environmental Eng'g Co (TPE:8473) ROCE % : 10.16% (As of Mar. 2024)

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What is Forest Water Environmental Eng'g 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. Forest Water Environmental Eng'g Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.16%.

Forest Water Environmental Eng'g Co ROCE % Historical Data

The historical data trend for Forest Water Environmental Eng'g 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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Forest Water Environmental Eng'g Co ROCE % Chart

Forest Water Environmental Eng'g Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.59

4.93

5.98

0.12

4.46

Forest Water Environmental Eng'g 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															3.32	3.89	4.75	5.73	10.16

Forest Water Environmental Eng'g Co ROCE % Calculation

Forest Water Environmental Eng'g 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 )
	=	452.564	/	( ( (15380.588 - 4918.052)	+	(15435.915 - 5601.236) )	/ 2 )
	=	452.564	/	( (10462.536	+	9834.679)	/ 2 )
	=	452.564	/	10148.6075
	=	4.46 %

Forest Water Environmental Eng'g 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 )
	=	1016.604	/	( ( (15435.915 - 5601.236)	+	(15192.578 - 5022.924) )	/ 2 )
	=	1016.604	/	( ( 9834.679	+	10169.654 )	/ 2 )
	=	1016.604	/	10002.1665
	=	10.16 %

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

Forest Water Environmental Eng'g Co (TPE:8473) 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.

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Forest Water Environmental Eng'g Co (TPE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Forest Water Environmental Eng'g Co Ltd (TPE:8473) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 99 Jilin Road, 3rd Floor, Zhongshan District, Taipei, TWN

Website

https://www.mfw.com.tw

Forest Water Environmental Eng'g Co Ltd is engaged in desalination engineering, wastewater recycling & reuse and water purification process, and sewage treatment. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.

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