Ta Ya Electric Wire & Cable (TPE:1609) ROCE % : 7.05% (As of Mar. 2024)

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What is Ta Ya Electric Wire & Cable 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. Ta Ya Electric Wire & Cable's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.05%.

Ta Ya Electric Wire & Cable ROCE % Historical Data

The historical data trend for Ta Ya Electric Wire & Cable'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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Ta Ya Electric Wire & Cable ROCE % Chart

Ta Ya Electric Wire & Cable Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.41

9.54

11.45

6.81

14.18

Ta Ya Electric Wire & Cable 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															30.83	11.79	7.62	8.06	7.05

Ta Ya Electric Wire & Cable ROCE % Calculation

Ta Ya Electric Wire & Cable'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 )
	=	4245.81	/	( ( (39325.648 - 12526.362)	+	(46480.729 - 13394.359) )	/ 2 )
	=	4245.81	/	( (26799.286	+	33086.37)	/ 2 )
	=	4245.81	/	29942.828
	=	14.18 %

Ta Ya Electric Wire & Cable'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 )
	=	2318.06	/	( ( (46480.729 - 13394.359)	+	(48131.257 - 15442.629) )	/ 2 )
	=	2318.06	/	( ( 33086.37	+	32688.628 )	/ 2 )
	=	2318.06	/	32887.499
	=	7.05 %

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

Ta Ya Electric Wire & Cable (TPE:1609) 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.

Ta Ya Electric Wire & Cable ROCE % Related Terms

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Ta Ya Electric Wire & Cable (TPE:1609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ta Ya Electric Wire & Cable (TPE:1609) » Definitions » ROCE %

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Address

No. 249, Section 2, Zhongshan Road, Guanmiao District, Tainan, TWN, 71847

Website

https://www.taya.com.tw

Ta Ya Electric Wire & Cable is engaged in the manufacturing and sale of electric wire & cable, and constructing, selling, and renting office and house buildings. The company has two operating segments; the Electric wire and cable segment mainly engage in the manufacturing and sale of electric wire and cable, and the Solar power plants segment mainly engages in the development of solar power plants for renewable energy. It derives a majority of its revenue from Taiwan.

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