Taiwan Styrene Monomer (TPE:1310) ROCE % : -1.97% (As of Mar. 2024)

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What is Taiwan Styrene Monomer 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. Taiwan Styrene Monomer's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.97%.

Taiwan Styrene Monomer ROCE % Historical Data

The historical data trend for Taiwan Styrene Monomer'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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Taiwan Styrene Monomer ROCE % Chart

Taiwan Styrene Monomer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.36

4.89

-0.04

-5.05

-7.80

Taiwan Styrene Monomer 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															-0.07	-22.00	1.44	-11.50	-1.97

Taiwan Styrene Monomer ROCE % Calculation

Taiwan Styrene Monomer'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 )
	=	-564.892	/	( ( (8912.648 - 1890.625)	+	(9763.204 - 2295.884) )	/ 2 )
	=	-564.892	/	( (7022.023	+	7467.32)	/ 2 )
	=	-564.892	/	7244.6715
	=	-7.80 %

Taiwan Styrene Monomer'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 )
	=	-147.392	/	( ( (9763.204 - 2295.884)	+	(9472.522 - 2001.581) )	/ 2 )
	=	-147.392	/	( ( 7467.32	+	7470.941 )	/ 2 )
	=	-147.392	/	7469.1305
	=	-1.97 %

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

Taiwan Styrene Monomer (TPE:1310) 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.

Taiwan Styrene Monomer ROCE % Related Terms

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Taiwan Styrene Monomer (TPE:1310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Styrene Monomer Corp (TPE:1310) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Roosevelt Road, Sec. 1, 8th-1 Floor, Taipei, TWN

Website

https://www.smct.com.tw

Taiwan Styrene Monomer Corp is engaged in the manufacturing and distribution of styrene monomer and related products. The company also offers toluene that is used as an organic solvent and para-diethyl benzene, which is used as the solvent of polystyrene. The company's main customers for the polystyrene are ABS resin and synthetic rubber manufacturers. Its products are generally used in electrical appliances, machinery, electronics, automotive, packaging and other industries.

Taiwan Styrene Monomer (TPE:1310) Headlines

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