AGV Products (TPE:1217) ROCE % : 4.61% (As of Mar. 2024)

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What is AGV Products 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. AGV Products's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.61%.

AGV Products ROCE % Historical Data

The historical data trend for AGV Products'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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AGV Products ROCE % Chart

AGV Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.16

4.48

3.90

3.84

3.53

AGV Products 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															4.20	2.74	5.05	2.20	4.61

AGV Products ROCE % Calculation

AGV Products'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 )
	=	393.508	/	( ( (13755.189 - 2858.783)	+	(14021.71 - 2644.278) )	/ 2 )
	=	393.508	/	( (10896.406	+	11377.432)	/ 2 )
	=	393.508	/	11136.919
	=	3.53 %

AGV Products'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 )
	=	527.852	/	( ( (14021.71 - 2644.278)	+	(14436.258 - 2936.428) )	/ 2 )
	=	527.852	/	( ( 11377.432	+	11499.83 )	/ 2 )
	=	527.852	/	11438.631
	=	4.61 %

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

AGV Products (TPE:1217) 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.

AGV Products ROCE % Related Terms

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AGV Products (TPE:1217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AGV Products Corp (TPE:1217) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Gongye 2nd Road, Touqiao Industrial Zone, Xingnan Village, Minxiong Township, Chiayi County, TWN

Website

https://www.agv.com.tw

AGV Products Corp is engaged in manufacturing, processing, and distributing food products. It provides varieties of juices, dairy products, traditional food, and healthcare products. The company's products include green tea, herb tea, milk tea, spicy chili sauce, sweet chili sauce, pickled cucumber; olive oil, grape seed oil, canned food, and soft drinks among others. The segments of the company are the room temperature segment, low-temperature segment, international trade segment, health segment, and OEM segment. The majority of the revenue of the company comes from the Room Temperature segment.

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