Art Emperor Co (ROCO:6650) ROCE % : 10.09% (As of Dec. 2023)

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What is Art Emperor 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. Art Emperor Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.09%.

Art Emperor Co ROCE % Historical Data

The historical data trend for Art Emperor 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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Art Emperor Co ROCE % Chart

Art Emperor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.36

27.01

24.14

31.70

20.45

Art Emperor Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial													36.93	40.73	25.63	31.04	10.09

Art Emperor Co ROCE % Calculation

Art Emperor 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 )
	=	71.945	/	( ( (741.363 - 393.265)	+	(628.642 - 273.08) )	/ 2 )
	=	71.945	/	( (348.098	+	355.562)	/ 2 )
	=	71.945	/	351.83
	=	20.45 %

Art Emperor Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	35.592	/	( ( (800.011 - 450.309)	+	(628.642 - 273.08) )	/ 2 )
	=	35.592	/	( ( 349.702	+	355.562 )	/ 2 )
	=	35.592	/	352.632
	=	10.09 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Art Emperor Co (ROCO:6650) 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.

Art Emperor Co ROCE % Related Terms

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Art Emperor Co (ROCO:6650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Art Emperor Co Ltd (ROCO:6650) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tiding Boulevard, 6th Floor, No. 297, Sector 2, Neihu District, Taipei, TWN

Website

http://artemperor.tw

Art Emperor Co Ltd is a Taiwan based company operates art information website. It also engaged in conducting art exhibitions and maintaining art gallery. The company also offers Art Auction activities.

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