Chung-Hsin Electric & Machinery Mfg (TPE:1513) ROCE % : 16.27% (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Chung-Hsin Electric & Machinery Mfg 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. Chung-Hsin Electric & Machinery Mfg's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.27%.

Chung-Hsin Electric & Machinery Mfg ROCE % Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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.

* Premium members only.

Chung-Hsin Electric & Machinery Mfg ROCE % Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

7.97

11.78

11.63

12.61

9.39

Chung-Hsin Electric & Machinery Mfg 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															14.28	-4.79	13.04	14.39	16.27

Chung-Hsin Electric & Machinery Mfg ROCE % Calculation

Chung-Hsin Electric & Machinery Mfg'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 )
	=	2664.416	/	( ( (41652.205 - 13626.564)	+	(44170.561 - 15435.127) )	/ 2 )
	=	2664.416	/	( (28025.641	+	28735.434)	/ 2 )
	=	2664.416	/	28380.5375
	=	9.39 %

Chung-Hsin Electric & Machinery Mfg'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 )
	=	5006.532	/	( ( (44170.561 - 15435.127)	+	(46624.594 - 13804.877) )	/ 2 )
	=	5006.532	/	( ( 28735.434	+	32819.717 )	/ 2 )
	=	5006.532	/	30777.5755
	=	16.27 %

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

Chung-Hsin Electric & Machinery Mfg (TPE:1513) 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.

Chung-Hsin Electric & Machinery Mfg ROCE % Related Terms

Thank you for viewing the detailed overview of Chung-Hsin Electric & Machinery Mfg's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

Chung-Hsin Electric & Machinery Mfg (TPE:1513) Headlines

No Headlines