Infinite Finance Co (ROCO:6958) ROCE % : 8.96% (As of Dec. 2023)

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What is Infinite Finance 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. Infinite Finance Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.96%.

Infinite Finance Co ROCE % Historical Data

The historical data trend for Infinite Finance 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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Infinite Finance Co ROCE % Chart

Infinite Finance Co Annual Data

Trend

Dec22

Dec23

ROCE %

1.83

2.71

Infinite Finance Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	5.94	-3.11	8.96

Infinite Finance Co ROCE % Calculation

Infinite Finance 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 )
	=	646.089	/	( ( (76183.506 - 50579.131)	+	(86800.301 - 64692.127) )	/ 2 )
	=	646.089	/	( (25604.375	+	22108.174)	/ 2 )
	=	646.089	/	23856.2745
	=	2.71 %

Infinite Finance Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	2062.086	/	( ( (79322.127 - 55383.397)	+	(86800.301 - 64692.127) )	/ 2 )
	=	2062.086	/	( ( 23938.73	+	22108.174 )	/ 2 )
	=	2062.086	/	23023.452
	=	8.96 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Infinite Finance Co (ROCO:6958) 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.

Infinite Finance Co ROCE % Related Terms

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Infinite Finance Co (ROCO:6958) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Infinite Finance Co Ltd (ROCO:6958) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.68, Songjiang Road, 7th Floor, Zhongshan District, Taipei, TWN

Website

http://www.inftfinance.com

Infinite Finance Co Ltd provides various types of vehicle loans for heavy vehicles, tour buses, vans and small passenger cars, Its operations comprise procurement loans for heavy vehicles, tour buses, vans and small passenger cars; procurement loans and leasing services for various types of construction and engineering equipment include cranes, excavators, loaders, stackers, piling machines; letter of credit for imported machinery services; green energy financing and other services.

Infinite Finance Co (ROCO:6958) Headlines

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