Pou Chen (TPE:9904) ROCE % : 7.09% (As of Dec. 2023)

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What is Pou Chen 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. Pou Chen's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.09%.

Pou Chen ROCE % Historical Data

The historical data trend for Pou Chen'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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Pou Chen ROCE % Chart

Pou Chen Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.41

3.05

6.78

9.15

9.32

Pou Chen 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															-0.20	6.04	9.65	13.95	7.09

Pou Chen ROCE % Calculation

Pou Chen'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 )
	=	22754.643	/	( ( (326889.804 - 81429.205)	+	(327581.335 - 84975.466) )	/ 2 )
	=	22754.643	/	( (245460.599	+	242605.869)	/ 2 )
	=	22754.643	/	244033.234
	=	9.32 %

Pou Chen'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 )
	=	17595.144	/	( ( (338898.878 - 85080.612)	+	(327581.335 - 84975.466) )	/ 2 )
	=	17595.144	/	( ( 253818.266	+	242605.869 )	/ 2 )
	=	17595.144	/	248212.0675
	=	7.09 %

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

Pou Chen (TPE:9904) 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.

Pou Chen ROCE % Related Terms

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Pou Chen (TPE:9904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pou Chen Corp (TPE:9904) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 600, Section 4, Taiwan Blvd, Xitun District, Taichung, TWN, 40764

Website

https://www.pouchen.com

Pou Chen Corp is engaged in the manufacturing and sale of shoes and the import and export of related products and materials. The firm also invests in the shoes and electronics industries. Its business is Footwear Business, Retail Business, and Other Business.

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