Victory New Materials Co (TPE:1340) ROCE % : -10.28% (As of Mar. 2024)

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What is Victory New Materials 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. Victory New Materials Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.28%.

Victory New Materials Co ROCE % Historical Data

The historical data trend for Victory New Materials 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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Victory New Materials Co ROCE % Chart

Victory New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.91

-6.92

-9.89

-8.84

-20.15

Victory New Materials Co 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															-7.61	-8.71	-9.45	-54.94	-10.28

Victory New Materials Co ROCE % Calculation

Victory New Materials 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 )
	=	-863.658	/	( ( (4789.329 - 137.616)	+	(4097.898 - 177.168) )	/ 2 )
	=	-863.658	/	( (4651.713	+	3920.73)	/ 2 )
	=	-863.658	/	4286.2215
	=	-20.15 %

Victory New Materials Co'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 )
	=	-403.06	/	( ( (4097.898 - 177.168)	+	(4059.983 - 135.933) )	/ 2 )
	=	-403.06	/	( ( 3920.73	+	3924.05 )	/ 2 )
	=	-403.06	/	3922.39
	=	-10.28 %

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

Victory New Materials Co (TPE:1340) 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.

Victory New Materials Co ROCE % Related Terms

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Victory New Materials Co (TPE:1340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Victory New Materials Ltd Co (TPE:1340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lianyu Industrial Zone, Qingyang, Fujian Province, Jinjiang, CHN

Website

https://www.vnm.com.tw

Victory New Materials Ltd Co engages in the research and development, manufacture, and sale of new polymer materials used in sports shoe soles and sole materials. Its products include rubber sole, monochrome soles, two-color dual hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes. It generates maximum revenue from a single color and RB soles product.

Victory New Materials Co (TPE:1340) Headlines

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