World Known MFG (Cayman) (TPE:4581) ROCE % : 17.34% (As of Mar. 2024)

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What is World Known MFG (Cayman) 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. World Known MFG (Cayman)'s annualized ROCE % for the quarter that ended in Mar. 2024 was 17.34%.

World Known MFG (Cayman) ROCE % Historical Data

The historical data trend for World Known MFG (Cayman)'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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World Known MFG (Cayman) ROCE % Chart

World Known MFG (Cayman) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.67

10.34

11.42

14.25

21.04

World Known MFG (Cayman) 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															20.87	26.02	19.84	17.89	17.34

World Known MFG (Cayman) ROCE % Calculation

World Known MFG (Cayman)'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 )
	=	256.203	/	( ( (1636.449 - 462.966)	+	(1751.549 - 489.279) )	/ 2 )
	=	256.203	/	( (1173.483	+	1262.27)	/ 2 )
	=	256.203	/	1217.8765
	=	21.04 %

World Known MFG (Cayman)'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 )
	=	225.408	/	( ( (1751.549 - 489.279)	+	(1790.161 - 452.409) )	/ 2 )
	=	225.408	/	( ( 1262.27	+	1337.752 )	/ 2 )
	=	225.408	/	1300.011
	=	17.34 %

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

World Known MFG (Cayman) (TPE:4581) 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.

World Known MFG (Cayman) ROCE % Related Terms

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World Known MFG (Cayman) (TPE:4581) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » World Known MFG (Cayman) Ltd (TPE:4581) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oleander Way, 802 West Bay Road, The Grand Pavilion Commercial Centre, P.O. Box 32052, Grand Cayman, CYM, KYI-1208

Website

https://www.wkgroup.com

World Known MFG (Cayman) Ltd is engaged in the design, engineering, and manufacturing of the global automotive industry and industrial metal parts. The product portfolio includes Automotive brakes, brake disks, brake drums, etc. Its products have applications in Commercial vehicles, Green energy, Construction machinery, agriculture machinery, and other industrial machinery. The majority of the revenue is generated from the sale of Automotive parts. The company's geographical segments include America, Asia, and other countries.

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