Argo Yachts Development Co (ROCO:7566) ROCE % : 2.33% (As of Dec. 2023)

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What is Argo Yachts Development 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. Argo Yachts Development Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.33%.

Argo Yachts Development Co ROCE % Historical Data

The historical data trend for Argo Yachts Development 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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Argo Yachts Development Co ROCE % Chart

Argo Yachts Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.53

4.43

4.44

2.38

1.05

Argo Yachts Development Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						4.85	4.55	0.69	-0.24	2.33

Argo Yachts Development Co ROCE % Calculation

Argo Yachts Development 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 )
	=	45.948	/	( ( (4746.025 - 306.885)	+	(4985.672 - 645.856) )	/ 2 )
	=	45.948	/	( (4439.14	+	4339.816)	/ 2 )
	=	45.948	/	4389.478
	=	1.05 %

Argo Yachts Development 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 )
	=	102.772	/	( ( (4822.755 - 355.364)	+	(4985.672 - 645.856) )	/ 2 )
	=	102.772	/	( ( 4467.391	+	4339.816 )	/ 2 )
	=	102.772	/	4403.6035
	=	2.33 %

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

Argo Yachts Development Co (ROCO:7566) 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.

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Argo Yachts Development Co (ROCO:7566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Argo Yachts Development Co Ltd (ROCO:7566) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 777, Sector 2, Xingang Road, Anping District, Tainan, TWN, 708

Website

https://www.argoyc.com

Argo Yachts Development Co Ltd is engaged in operation of membership yacht club to provide diversified services such as berth, escrow and maintenance.

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