Asia Cement (TPE:1102) ROCE % : 3.83% (As of Dec. 2023)

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What is Asia Cement 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. Asia Cement's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.83%.

Asia Cement ROCE % Historical Data

The historical data trend for Asia Cement'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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Asia Cement ROCE % Chart

Asia Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.75

11.10

9.53

6.61

6.20

Asia Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.34	5.71	9.60	5.99	3.83

Asia Cement ROCE % Calculation

Asia Cement'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 )
	=	15708.818	/	( ( (324243.127 - 70962.661)	+	(336726.851 - 82887.767) )	/ 2 )
	=	15708.818	/	( (253280.466	+	253839.084)	/ 2 )
	=	15708.818	/	253559.775
	=	6.20 %

Asia Cement'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	9672.964	/	( ( (335957.754 - 84451.777)	+	(336726.851 - 82887.767) )	/ 2 )
	=	9672.964	/	( ( 251505.977	+	253839.084 )	/ 2 )
	=	9672.964	/	252672.5305
	=	3.83 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Asia Cement (TPE:1102) 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.

Asia Cement ROCE % Related Terms

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Asia Cement (TPE:1102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (TPE:1102) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.acc.com.tw

Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (TPE:1102) Headlines

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