Forg Innovation Co (ROCO:4712) ROCE % : -15.43% (As of Mar. 2024)

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What is Forg Innovation 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. Forg Innovation Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -15.43%.

Forg Innovation Co ROCE % Historical Data

The historical data trend for Forg Innovation 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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Forg Innovation Co ROCE % Chart

Forg Innovation Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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-7.45

-21.48

-53.61

-45.74

-81.73

Forg Innovation Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-40.88	-87.45	-172.43	-22.02	-15.43

Forg Innovation Co ROCE % Calculation

Forg Innovation Co's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	-118.189	/	( ( (244.812 - 35.907)	+	(162.582 - 82.253) )	/ 2 )
	=	-118.189	/	( (208.905	+	80.329)	/ 2 )
	=	-118.189	/	144.617
	=	-81.73 %

Forg Innovation 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-9.736	/	( ( (65.38 - 6.184)	+	(72.011 - 5.005) )	/ 2 )
	=	-9.736	/	( ( 59.196	+	67.006 )	/ 2 )
	=	-9.736	/	63.101
	=	-15.43 %

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

Forg Innovation Co (ROCO:4712) 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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Forg Innovation Co (ROCO:4712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forg Innovation Co Ltd (ROCO:4712) » Definitions » ROCE %

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N/A

Address

23 Floor, No. 1086, Zhongzheng Road, Taoyuan District, Taoyuan City, TWN

Website

https://www.nantsan.com.tw

Forg Innovation Co Ltd Formerly Forkluck Innovation Co Ltd is engaged in the wholesale of aquatic products. The company's products include grouper, eels, sweetfish, king crabs, East Asian four-finger threadfin, and others.

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