Chia Ta World Co (TPE:2033) ROCE % : 1.93% (As of Mar. 2024)

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What is Chia Ta World 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. Chia Ta World Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.93%.

Chia Ta World Co ROCE % Historical Data

The historical data trend for Chia Ta World 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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Chia Ta World Co ROCE % Chart

Chia Ta World Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.89

2.59

1.88

-1.03

-0.06

Chia Ta World 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															-2.57	-0.10	0.37	2.08	1.93

Chia Ta World Co ROCE % Calculation

Chia Ta World 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 )
	=	-0.583	/	( ( (1311.02 - 265.875)	+	(1244.145 - 198.954) )	/ 2 )
	=	-0.583	/	( (1045.145	+	1045.191)	/ 2 )
	=	-0.583	/	1045.168
	=	-0.06 %

Chia Ta World 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 )
	=	20.156	/	( ( (1244.145 - 198.954)	+	(1246.23 - 197.323) )	/ 2 )
	=	20.156	/	( ( 1045.191	+	1048.907 )	/ 2 )
	=	20.156	/	1047.049
	=	1.93 %

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

Chia Ta World Co (TPE:2033) 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.

Chia Ta World Co ROCE % Related Terms

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Chia Ta World Co (TPE:2033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chia Ta World Co Ltd (TPE:2033) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16 Lane 317, Chung Cheng North Road, YongKang District, Tainan, TWN

Website

http://www.ctworld.com.tw

Chia Ta World Co Ltd is engaged in the manufacturing, processing, and distribution of steel products like high carbon steel wires, galvanized steel wires, wire stands, ungalvanized steel bars, and pre stressed concrete steel bars. The Company's products products are widely used in Spring/Suspension Industry, Mattress Manufacturing, Pre-stressed Concrete Products Industry, Infrastructure (Bridges, Beams, and Civil Engineering), Construction Industry and much more.

Chia Ta World Co (TPE:2033) Headlines

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