Giant Manufacturing Co (TPE:9921) ROCE % : 8.96% (As of Mar. 2024)

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What is Giant Manufacturing 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. Giant Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.96%.

Giant Manufacturing Co ROCE % Historical Data

The historical data trend for Giant Manufacturing 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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Giant Manufacturing Co ROCE % Chart

Giant Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.94

22.42

25.12

22.07

12.58

Giant Manufacturing 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															15.10	18.35	15.44	1.97	8.96

Giant Manufacturing Co ROCE % Calculation

Giant Manufacturing 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 )
	=	5922.952	/	( ( (93534.779 - 47222.637)	+	(84623.337 - 36765.103) )	/ 2 )
	=	5922.952	/	( (46312.142	+	47858.234)	/ 2 )
	=	5922.952	/	47085.188
	=	12.58 %

Giant Manufacturing 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 )
	=	4331.972	/	( ( (84623.337 - 36765.103)	+	(84579.848 - 35730.337) )	/ 2 )
	=	4331.972	/	( ( 47858.234	+	48849.511 )	/ 2 )
	=	4331.972	/	48353.8725
	=	8.96 %

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

Giant Manufacturing Co (TPE:9921) 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.

Giant Manufacturing Co ROCE % Related Terms

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Giant Manufacturing Co (TPE:9921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Giant Manufacturing Co Ltd (TPE:9921) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763

Website

https://www.giant-bicycles.com

Giant Manufacturing Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. Giant distributes bicycles and components both domestically and internationally, and largely sells products under the Giant brand name.

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