Wah Lee Industrial (TPE:3010) ROCE % : 11.20% (As of Mar. 2024)

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What is Wah Lee Industrial 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. Wah Lee Industrial's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.20%.

Wah Lee Industrial ROCE % Historical Data

The historical data trend for Wah Lee Industrial'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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Wah Lee Industrial ROCE % Chart

Wah Lee Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.54

14.06

17.97

14.46

12.75

Wah Lee Industrial 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															8.07	15.55	16.34	11.74	11.20

Wah Lee Industrial ROCE % Calculation

Wah Lee Industrial'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 )
	=	3532.344	/	( ( (49168.557 - 21021.741)	+	(50181.311 - 22939.213) )	/ 2 )
	=	3532.344	/	( (28146.816	+	27242.098)	/ 2 )
	=	3532.344	/	27694.457
	=	12.75 %

Wah Lee Industrial'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 )
	=	3118.984	/	( ( (50181.311 - 22939.213)	+	(49392.488 - 20921.956) )	/ 2 )
	=	3118.984	/	( ( 27242.098	+	28470.532 )	/ 2 )
	=	3118.984	/	27856.315
	=	11.20 %

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

Wah Lee Industrial (TPE:3010) 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.

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Wah Lee Industrial (TPE:3010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wah Lee Industrial Corp (TPE:3010) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235, Chung Cheng 4th Road, 10th Floor, Kaohsiung, TWN, 801

Website

https://www.wahlee.com

Wah Lee Industrial Corporation is a Taiwan-based distributor of materials for use in industrial practices. While the company generates some revenue domestically, the majority of revenue is earned in China. The company operates through three main segments: Wah Lee Industrial, Raycong, Shanghai Yikang, and Others. Wah Lee Industrial, which generates the majority of revenue, distributes products for use in composite materials, plastics, printed circuit boards, semiconductors, and opto-electronics. Other products distributed by the company include bullet-resistant materials, carbon fibres, high-performance fabrics, and environmentally friendly refrigerants.

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