United Alloy-Tech Co (ROCO:3162) ROCE % : -6.21% (As of Mar. 2024)

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What is United Alloy-Tech 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. United Alloy-Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.21%.

United Alloy-Tech Co ROCE % Historical Data

The historical data trend for United Alloy-Tech 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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United Alloy-Tech Co ROCE % Chart

United Alloy-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.05

4.94

10.11

-6.08

6.14

United Alloy-Tech 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															1.09	6.05	10.96	6.04	-6.21

United Alloy-Tech Co ROCE % Calculation

United Alloy-Tech 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 )
	=	222.92	/	( ( (5948.819 - 2504.648)	+	(6712.924 - 2896.1) )	/ 2 )
	=	222.92	/	( (3444.171	+	3816.824)	/ 2 )
	=	222.92	/	3630.4975
	=	6.14 %

United Alloy-Tech 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 )
	=	-237.044	/	( ( (6712.924 - 2896.1)	+	(6312.494 - 2492.985) )	/ 2 )
	=	-237.044	/	( ( 3816.824	+	3819.509 )	/ 2 )
	=	-237.044	/	3818.1665
	=	-6.21 %

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

United Alloy-Tech Co (ROCO:3162) 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.

United Alloy-Tech Co ROCE % Related Terms

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United Alloy-Tech Co (ROCO:3162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » United Alloy-Tech Co Ltd (ROCO:3162) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.938, Zhongxing Road, She- Tzu Village, Xinwu District, Taoyuan, TWN, 32746

Website

http://www.al-alloy.com.tw

United Alloy-Tech Co Ltd mainly engages in the forging of aluminum alloys, die-casting, the production and processing of molds, and the production and sales business of auto parts. The company has two segments Aluminum alloy materials division and the Foam tapes division. Its product pipeline includes Aluminum Alloy 2-7 series, Front Fork End and Crown, Dropout, Riching Dropout, Mountain Bike Dropout, Yoke, Motor Mount, Hanger, and others. Geographically company generates the majority of its revenue from China.

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