Hold-Key Electric Wire & Cable Co (TPE:1618) ROCE % : 11.36% (As of Mar. 2024)

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What is Hold-Key Electric 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. Hold-Key Electric Wire & Cable Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.36%.

Hold-Key Electric Wire & Cable Co ROCE % Historical Data

The historical data trend for Hold-Key Electric 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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Hold-Key Electric Wire & Cable Co ROCE % Chart

Hold-Key Electric Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.02

6.68

6.51

7.09

10.28

Hold-Key Electric 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															6.17	8.26	9.87	16.82	11.36

Hold-Key Electric Wire & Cable Co ROCE % Calculation

Hold-Key Electric 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 )
	=	484.934	/	( ( (4831.518 - 490.065)	+	(6159.069 - 1062.781) )	/ 2 )
	=	484.934	/	( (4341.453	+	5096.288)	/ 2 )
	=	484.934	/	4718.8705
	=	10.28 %

Hold-Key Electric 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 )
	=	600.18	/	( ( (6159.069 - 1062.781)	+	(6760.174 - 1288.758) )	/ 2 )
	=	600.18	/	( ( 5096.288	+	5471.416 )	/ 2 )
	=	600.18	/	5283.852
	=	11.36 %

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

Hold-Key Electric Wire & Cable Co (TPE:1618) 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.

Hold-Key Electric Wire & Cable Co ROCE % Related Terms

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Hold-Key Electric Wire & Cable Co (TPE:1618) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hold-Key Electric Wire & Cable Co Ltd (TPE:1618) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Fuxing South Road, 3rd Floor, No. 36-9, Section 1, Zhongshan District, Taipei City, TWN, 104

Website

https://www.hold-key.com.tw

Hold-Key Electric Wire & Cable Co Ltd is engaged in the manufacture and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc., and is also engaged in the import and export of the aforementioned products and lease of properties. The company has two operating segments; the Wires and Cables Segment, and the Others Segment. The Group mainly operates in Taiwan, Europe, USA, and Asia. it derives a majority of its revenue from Taiwan.

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