Chia Hsin Cement (TPE:1103) ROCE % : 2.22% (As of Sep. 2023)

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What is Chia Hsin Cement 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. Chia Hsin Cement's annualized ROCE % for the quarter that ended in Sep. 2023 was 2.22%.

Chia Hsin Cement ROCE % Historical Data

The historical data trend for Chia Hsin Cement'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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Chia Hsin Cement ROCE % Chart

Chia Hsin Cement Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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1.88

3.48

6.25

2.61

0.14

Chia Hsin Cement Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															4.21	1.11	0.88	0.53	2.22

Chia Hsin Cement ROCE % Calculation

Chia Hsin Cement's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	48.136	/	( ( (40247.651 - 2789.328)	+	(36412.314 - 3431.484) )	/ 2 )
	=	48.136	/	( (37458.323	+	32980.83)	/ 2 )
	=	48.136	/	35219.5765
	=	0.14 %

Chia Hsin Cement's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	733.856	/	( ( (37755.42 - 4133.443)	+	(36080.062 - 3638.594) )	/ 2 )
	=	733.856	/	( ( 33621.977	+	32441.468 )	/ 2 )
	=	733.856	/	33031.7225
	=	2.22 %

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

Chia Hsin Cement (TPE:1103) 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.

Chia Hsin Cement ROCE % Related Terms

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Chia Hsin Cement (TPE:1103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chia Hsin Cement Corp (TPE:1103) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Jiaxin Building, No. 96, Section 2, Zhongshan District, Taipei, TWN, 10449

Website

https://www.chcgroup.com.tw

Chia Hsin Cement Corp is a Taiwan-based company that operates through given segments. Its cement segment, which accounts for the majority of the company's revenue, manufactures and distributes cement and clinker in Taiwan and mainland China markets, and owns a minority stake in Taiwan-based cement and clinker maker TCC International. Its real estate segment engages in the leasing of a number of commercial buildings in Taiwan. Its Warehousing and storage segment engages in loading and unloading coal, sands, and other bulk cargo in the Port of Taipei and the Hospitality and catering services segment is in charge of catering and room service in the hotel and the maternal and child care center. The company also operates a hotel in Rome, Italy.

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