KenMec Mechanical Engineering Co (ROCO:6125) ROCE % : -1.42% (As of Mar. 2024)

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What is KenMec Mechanical Engineering 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. KenMec Mechanical Engineering Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.42%.

KenMec Mechanical Engineering Co ROCE % Historical Data

The historical data trend for KenMec Mechanical Engineering 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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KenMec Mechanical Engineering Co ROCE % Chart

KenMec Mechanical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.65

-0.38

-13.32

7.63

10.49

KenMec Mechanical Engineering 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															5.60	14.28	6.60	19.38	-1.42

KenMec Mechanical Engineering Co ROCE % Calculation

KenMec Mechanical Engineering 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 )
	=	809.197	/	( ( (11094.988 - 4147.075)	+	(11660.028 - 3177.137) )	/ 2 )
	=	809.197	/	( (6947.913	+	8482.891)	/ 2 )
	=	809.197	/	7715.402
	=	10.49 %

KenMec Mechanical Engineering 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 )
	=	-117.312	/	( ( (11660.028 - 3177.137)	+	(11972.536 - 3954.084) )	/ 2 )
	=	-117.312	/	( ( 8482.891	+	8018.452 )	/ 2 )
	=	-117.312	/	8250.6715
	=	-1.42 %

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

KenMec Mechanical Engineering Co (ROCO:6125) 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.

KenMec Mechanical Engineering Co ROCE % Related Terms

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KenMec Mechanical Engineering Co (ROCO:6125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KenMec Mechanical Engineering Co Ltd (ROCO:6125) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Dingping Road, Ruifang District, 1st Floor, No. 69, Ruifang Industrial Park, New Taipei, TWN, 115

Website

https://www.kenmec.com

KenMec Mechanical Engineering Co Ltd manufactures and markets whole factory automated production line systems. The company's segment includes Automation 1; Automation 2; Solar power system, parts and components; Electronic parts and components, and Others. It generates maximum revenue from the Automation 1 segment. Automation segment is responsible for automated flow line equipment and supporting equipment for T.F.T. process equipment, semiconductor process equipment, industrial conveying machinery, and automated storage equipment; parking tower and mechanical parking equipment, incinerator and other environmental facilities; electronic anti-static products; production, sale, installation, and lease of window-cleaning equipment and hanging platforms.

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