Big Sun Shine Co (TPE:1475) ROCE % : 43.26% (As of Mar. 2024)

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What is Big Sun Shine 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. Big Sun Shine Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 43.26%.

Big Sun Shine Co ROCE % Historical Data

The historical data trend for Big Sun Shine 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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Big Sun Shine Co ROCE % Chart

Big Sun Shine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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48.71

2.00

15.54

35.45

25.12

Big Sun Shine 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															25.13	31.98	26.83	16.95	43.26

Big Sun Shine Co ROCE % Calculation

Big Sun Shine 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 )
	=	285.494	/	( ( (1281.898 - 271.11)	+	(1613.721 - 351.513) )	/ 2 )
	=	285.494	/	( (1010.788	+	1262.208)	/ 2 )
	=	285.494	/	1136.498
	=	25.12 %

Big Sun Shine 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 )
	=	571.456	/	( ( (1613.721 - 351.513)	+	(1805.9 - 426.277) )	/ 2 )
	=	571.456	/	( ( 1262.208	+	1379.623 )	/ 2 )
	=	571.456	/	1320.9155
	=	43.26 %

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

Big Sun Shine Co (TPE:1475) 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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Big Sun Shine Co (TPE:1475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Big Sun Shine Co Ltd (TPE:1475) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.146, Wenyu Road, 10F-4, Guishan District, Taoyuan, TWN, 333

Website

http://www.bigsunshine-sri.com

Big Sun Shine Co Ltd formerly known as Sumagh High Tech Corp operates in the textile manufacturing industry. The company offers different types of products like dobby, anti-microbial, anti-odor, insulation fabric, and fire retardant.

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