TMP Steel (ROCO:6248) ROCE % : 14.51% (As of Mar. 2024)

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What is TMP Steel 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. TMP Steel's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.51%.

TMP Steel ROCE % Historical Data

The historical data trend for TMP Steel'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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TMP Steel ROCE % Chart

TMP Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.56

10.16

9.58

18.30

18.87

TMP Steel 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															16.63	16.01	11.30	31.60	14.51

TMP Steel ROCE % Calculation

TMP Steel'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 )
	=	318.664	/	( ( (2182.378 - 624.016)	+	(2897.796 - 1077.878) )	/ 2 )
	=	318.664	/	( (1558.362	+	1819.918)	/ 2 )
	=	318.664	/	1689.14
	=	18.87 %

TMP Steel'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 )
	=	258.244	/	( ( (2897.796 - 1077.878)	+	(3469.536 - 1730.038) )	/ 2 )
	=	258.244	/	( ( 1819.918	+	1739.498 )	/ 2 )
	=	258.244	/	1779.708
	=	14.51 %

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

TMP Steel (ROCO:6248) 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.

TMP Steel ROCE % Related Terms

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TMP Steel (ROCO:6248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMP Steel Corp (ROCO:6248) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Jingjian 11th Road, Lukang Township, Changhua, TWN, 505029

Website

https://www.tmpco.com.tw

TMP Steel Corp is a Taiwan-based company engaged in offering steel products. It is engaged in the wholesale of hardware and building materials and the manufacture and sale of its components. The company provides steel bars and reinforcement processing solutions to customers.

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