Hsin-Li Chemical Industrial (ROCO:4303) ROCE % : 149.54% (As of Mar. 2024)

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What is Hsin-Li Chemical 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. Hsin-Li Chemical Industrial's annualized ROCE % for the quarter that ended in Mar. 2024 was 149.54%.

Hsin-Li Chemical Industrial ROCE % Historical Data

The historical data trend for Hsin-Li Chemical 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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Hsin-Li Chemical Industrial ROCE % Chart

Hsin-Li Chemical Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.44

-2.52

14.84

-2.96

12.20

Hsin-Li Chemical 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															9.40	11.06	2.35	27.99	149.54

Hsin-Li Chemical Industrial ROCE % Calculation

Hsin-Li Chemical 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 )
	=	135.494	/	( ( (1441.943 - 257.586)	+	(1549.308 - 512.256) )	/ 2 )
	=	135.494	/	( (1184.357	+	1037.052)	/ 2 )
	=	135.494	/	1110.7045
	=	12.20 %

Hsin-Li Chemical 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 )
	=	2114.996	/	( ( (1549.308 - 512.256)	+	(2100.997 - 309.342) )	/ 2 )
	=	2114.996	/	( ( 1037.052	+	1791.655 )	/ 2 )
	=	2114.996	/	1414.3535
	=	149.54 %

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

Hsin-Li Chemical Industrial (ROCO:4303) 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.

Hsin-Li Chemical Industrial ROCE % Related Terms

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Hsin-Li Chemical Industrial (ROCO:4303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hsin-Li Chemical Industrial Corp (ROCO:4303) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 121, Huazong Road, Xuejia District, Tainan, TWN

Website

https://www.hsinli.com.tw

Hsin-Li Chemical Industrial Corp manufactures leather & fabrics. It is mainly engaged in manufacturing and trading of synthetic leather, and plastic leather. Its products encompasses PVC soft leather, Flock adhesive cloth, wet & dry PU synthetic leather, PVC casting leather and PVC calendar leather. Its products are applied to bags & footwear.

Hsin-Li Chemical Industrial (ROCO:4303) Headlines

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