Hua Eng Wire & Cable Co (TPE:1608) ROCE % : 13.30% (As of Mar. 2024)

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What is Hua Eng Wire & Cable 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. Hua Eng Wire & Cable Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.30%.

Hua Eng Wire & Cable Co ROCE % Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co ROCE % Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.99

5.01

19.70

2.46

11.59

Hua Eng Wire & Cable 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															17.30	9.55	7.50	12.02	13.30

Hua Eng Wire & Cable Co ROCE % Calculation

Hua Eng Wire & Cable 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 )
	=	1087.073	/	( ( (13520.161 - 4445.16)	+	(13312.042 - 3631.264) )	/ 2 )
	=	1087.073	/	( (9075.001	+	9680.778)	/ 2 )
	=	1087.073	/	9377.8895
	=	11.59 %

Hua Eng Wire & Cable 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 )
	=	1306.344	/	( ( (13312.042 - 3631.264)	+	(13669.196 - 3712.451) )	/ 2 )
	=	1306.344	/	( ( 9680.778	+	9956.745 )	/ 2 )
	=	1306.344	/	9818.7615
	=	13.30 %

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

Hua Eng Wire & Cable Co (TPE:1608) 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.

Hua Eng Wire & Cable Co ROCE % Related Terms

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Hua Eng Wire & Cable Co (TPE:1608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company has three reportable segments: Wire segment, Cable segment and Copper segment. Wire segment produces products such as oxygen free copper wire; Cable segment produces power cable, communication cable and optical fiber cable; Copper Segment produces copper plate.

Hua Eng Wire & Cable Co (TPE:1608) Headlines

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