Femco Steel Technology Co (ROCO:6731) ROCE % : -3.41% (As of Jun. 2023)

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What is Femco Steel Technology 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. Femco Steel Technology Co's annualized ROCE % for the quarter that ended in Jun. 2023 was -3.41%.

Femco Steel Technology Co ROCE % Historical Data

The historical data trend for Femco Steel Technology 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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Femco Steel Technology Co ROCE % Chart

Femco Steel Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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5.12

5.54

5.01

12.00

36.22

Femco Steel Technology Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial										16.61	7.12	33.89	38.97	-3.41

Femco Steel Technology Co ROCE % Calculation

Femco Steel Technology Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	384.371	/	( ( (1292.228 - 401.208)	+	(1839.595 - 608.143) )	/ 2 )
	=	384.371	/	( (891.02	+	1231.452)	/ 2 )
	=	384.371	/	1061.236
	=	36.22 %

Femco Steel Technology Co's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2022 )		(Q: Jun. 2023 )
	=	-40.138	/	( ( (1839.595 - 608.143)	+	(1771.126 - 645.768) )	/ 2 )
	=	-40.138	/	( ( 1231.452	+	1125.358 )	/ 2 )
	=	-40.138	/	1178.405
	=	-3.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

Femco Steel Technology Co (ROCO:6731) 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.

Femco Steel Technology Co ROCE % Related Terms

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Femco Steel Technology Co (ROCO:6731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Femco Steel Technology Co Ltd (ROCO:6731) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 3 Industrial 1st Road, Touciao Industrial Area, Chiayi County, Chiayi, TWN

Website

http://www.femcosteel.com.tw

Femco Steel Technology Co Ltd is a Taiwan based diversified heavy industrial manufacturer specializing in making high precision CNC machinery, high quality steel products and services. It provides steel shafts to golf club OEM companies and distributors, including TaylorMade, Callaway, Cleveland, Mizuno, Nike, Ping, and Titleist.

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