Chang Jia M&E Engineering (ROCO:4550) ROCE % : 11.06% (As of Mar. 2024)

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What is Chang Jia M&E Engineering 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. Chang Jia M&E Engineering's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.06%.

Chang Jia M&E Engineering ROCE % Historical Data

The historical data trend for Chang Jia M&E Engineering'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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Chang Jia M&E Engineering ROCE % Chart

Chang Jia M&E Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.69

11.70

7.00

14.02

15.06

Chang Jia M&E Engineering 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															6.73	11.45	22.01	18.59	11.06

Chang Jia M&E Engineering ROCE % Calculation

Chang Jia M&E Engineering'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 )
	=	158.337	/	( ( (1735.762 - 756.138)	+	(2030.6 - 907.72) )	/ 2 )
	=	158.337	/	( (979.624	+	1122.88)	/ 2 )
	=	158.337	/	1051.252
	=	15.06 %

Chang Jia M&E Engineering'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 )
	=	124.868	/	( ( (2030.6 - 907.72)	+	(1820.937 - 685.899) )	/ 2 )
	=	124.868	/	( ( 1122.88	+	1135.038 )	/ 2 )
	=	124.868	/	1128.959
	=	11.06 %

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

Chang Jia M&E Engineering (ROCO:4550) 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.

Chang Jia M&E Engineering ROCE % Related Terms

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Chang Jia M&E Engineering (ROCO:4550) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chang Jia M&E Engineering Corp (ROCO:4550) » Definitions » ROCE %

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Address

Number 1, Lane 10, Jihu Road, 8th Floor, Neihu District, Taipei, TWN, 114

Website

http://www.changjia.com.tw

Chang Jia M&E Engineering Corp is a Taiwan-based company involved in the field of electrical and mechanical engineering. It is centered on the construction of electrical, water, fire, monitoring, air conditioning, and clean room projects.

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