Group Up Industrial Co (ROCO:6664) ROCE % : 43.72% (As of Mar. 2024)

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What is Group Up Industrial 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. Group Up Industrial Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.72%.

Group Up Industrial Co ROCE % Historical Data

The historical data trend for Group Up Industrial 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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Group Up Industrial Co ROCE % Chart

Group Up Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.96

19.18

20.91

30.89

28.68

Group Up Industrial 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															26.40	39.25	41.58	14.24	43.72

Group Up Industrial Co ROCE % Calculation

Group Up Industrial 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 )
	=	896.904	/	( ( (6103.333 - 3140.031)	+	(7171.883 - 3881.245) )	/ 2 )
	=	896.904	/	( (2963.302	+	3290.638)	/ 2 )
	=	896.904	/	3126.97
	=	28.68 %

Group Up Industrial 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 )
	=	1398.02	/	( ( (7171.883 - 3881.245)	+	(7381.071 - 4276.734) )	/ 2 )
	=	1398.02	/	( ( 3290.638	+	3104.337 )	/ 2 )
	=	1398.02	/	3197.4875
	=	43.72 %

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

Group Up Industrial Co (ROCO:6664) 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.

Group Up Industrial Co ROCE % Related Terms

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Group Up Industrial Co (ROCO:6664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Group Up Industrial Co Ltd (ROCO:6664) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Heping Road, Yangmei District, Taoyuan, TWN, 326

Website

https://www.gpline.com.tw/index_en.php

Group Up Industrial Co Ltd is focused on the fields of hot air, infrared, ultraviolet, exposure, coating, roll-to-roll automation, and line integration. The company engaged in the manufacturing and trading of general boxed-shaped equipment for drying, preheating, and curing, automatic conveyor hot air ovens, IR drying ovens, as well as dust-free and explosion-proof vacuum oven. The company derives maximum revenue from China.

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