Morn Sun Feed Mill Co (ROCO:1240) ROCE % : 17.26% (As of Dec. 2023)

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What is Morn Sun Feed Mill 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. Morn Sun Feed Mill Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.26%.

Morn Sun Feed Mill Co ROCE % Historical Data

The historical data trend for Morn Sun Feed Mill 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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Morn Sun Feed Mill Co ROCE % Chart

Morn Sun Feed Mill Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.62

15.59

10.46

0.11

13.02

Morn Sun Feed Mill Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															1.52	5.12	13.55	17.01	17.26

Morn Sun Feed Mill Co ROCE % Calculation

Morn Sun Feed Mill 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 )
	=	182.061	/	( ( (2214.254 - 864.563)	+	(2183.403 - 737.041) )	/ 2 )
	=	182.061	/	( (1349.691	+	1446.362)	/ 2 )
	=	182.061	/	1398.0265
	=	13.02 %

Morn Sun Feed Mill 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 )
	=	243.584	/	( ( (2051.672 - 676.174)	+	(2183.403 - 737.041) )	/ 2 )
	=	243.584	/	( ( 1375.498	+	1446.362 )	/ 2 )
	=	243.584	/	1410.93
	=	17.26 %

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

Morn Sun Feed Mill Co (ROCO:1240) 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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Morn Sun Feed Mill Co (ROCO:1240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morn Sun Feed Mill Co Ltd (ROCO:1240) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Heping West Road, 2nd Floor, Zhongzheng District, Taipei, TWN

Website

http://www.morn-sun.com.tw

Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials for poultry and animal husbandry. It also generates revenue from warehouse rental income and sales of breeding pigs.

Morn Sun Feed Mill Co (ROCO:1240) Headlines

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