King House Co (ROCO:4419) ROCE % : 6.32% (As of Mar. 2024)

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What is King House 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. King House Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.32%.

King House Co ROCE % Historical Data

The historical data trend for King House 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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King House Co ROCE % Chart

King House Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.42

-41.45

-17.42

-4.76

1.19

King House Co 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															10.70	0.58	-4.09	1.86	6.32

King House Co ROCE % Calculation

King House 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 )
	=	8.764	/	( ( (422.709 - 122.052)	+	(1305.343 - 137.227) )	/ 2 )
	=	8.764	/	( (300.657	+	1168.116)	/ 2 )
	=	8.764	/	734.3865
	=	1.19 %

King House Co'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 )
	=	73.96	/	( ( (1305.343 - 137.227)	+	(1292.504 - 119.976) )	/ 2 )
	=	73.96	/	( ( 1168.116	+	1172.528 )	/ 2 )
	=	73.96	/	1170.322
	=	6.32 %

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

King House Co (ROCO:4419) 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.

King House Co ROCE % Related Terms

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King House Co (ROCO:4419) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » King House Co Ltd (ROCO:4419) » Definitions » ROCE %

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Address

No.199, Tuonong Road, Beidou Township, Changhua, TWN, 521

Website

http://www.ensureglobal.com.tw

Ensure Global Corp is engaged in the manufacturing and sale of spun fabrics and yarns. Its products include air textured yarn, gray cloth, ribbon, net rope, cable, taro, silk woven fabric, knitted fabric, processed silk, imitation cotton, vertical machining centers and computer numerical control machines.

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