Nak Sealing Technologies (TPE:9942) ROCE % : 22.45% (As of Sep. 2024)

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What is Nak Sealing Technologies 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. Nak Sealing Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.45%.

Nak Sealing Technologies ROCE % Historical Data

The historical data trend for Nak Sealing Technologies'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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Nak Sealing Technologies ROCE % Chart

Nak Sealing Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.14

14.85

21.03

23.90

31.87

Nak Sealing Technologies 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															38.35	24.43	23.77	23.23	22.45

Nak Sealing Technologies ROCE % Calculation

Nak Sealing Technologies'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 )
	=	1335.02	/	( ( (5244.95 - 1299.939)	+	(5292.254 - 859.161) )	/ 2 )
	=	1335.02	/	( (3945.011	+	4433.093)	/ 2 )
	=	1335.02	/	4189.052
	=	31.87 %

Nak Sealing Technologies'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 )
	=	981.64	/	( ( (5492.473 - 1211.265)	+	(5061.403 - 597.175) )	/ 2 )
	=	981.64	/	( ( 4281.208	+	4464.228 )	/ 2 )
	=	981.64	/	4372.718
	=	22.45 %

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

Nak Sealing Technologies (TPE:9942) 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.

Nak Sealing Technologies ROCE % Related Terms

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Nak Sealing Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nak Sealing Technologies Corp (TPE:9942) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No 336 Industrial Road, Nankang Industrial Zone, Nantou, TWN

Website

https://www.nak.com.tw

Nak Sealing Technologies Corp manufactures and sells oil seals and technical sealing products for various applications around the world. It is involved in the production and sale of oil seals, rubber compounds, manufacturing of automobiles, motorcycles, transportation equipment, and machinery. Geographically the company caters its products within domestic markets and to overseas markets, including the Americas, Europe, the rest of Asia, and others.

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