Airmate (Cayman) International Co (TPE:1626) ROCE % : -6.57% (As of Mar. 2024)

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What is Airmate (Cayman) International 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. Airmate (Cayman) International Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.57%.

Airmate (Cayman) International Co ROCE % Historical Data

The historical data trend for Airmate (Cayman) International 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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Airmate (Cayman) International Co ROCE % Chart

Airmate (Cayman) International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.87

6.15

-7.57

15.42

2.22

Airmate (Cayman) International 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															-2.88	26.85	-12.60	-2.57	-6.57

Airmate (Cayman) International Co ROCE % Calculation

Airmate (Cayman) International 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 )
	=	75.653	/	( ( (8824.855 - 5369.449)	+	(8113.601 - 4765.367) )	/ 2 )
	=	75.653	/	( (3455.406	+	3348.234)	/ 2 )
	=	75.653	/	3401.82
	=	2.22 %

Airmate (Cayman) International 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 )
	=	-221.816	/	( ( (8113.601 - 4765.367)	+	(8489.411 - 5081.08) )	/ 2 )
	=	-221.816	/	( ( 3348.234	+	3408.331 )	/ 2 )
	=	-221.816	/	3378.2825
	=	-6.57 %

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

Airmate (Cayman) International Co (TPE:1626) 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.

Airmate (Cayman) International Co ROCE % Related Terms

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Airmate (Cayman) International Co (TPE:1626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Airmate (Cayman) International Co Ltd (TPE:1626) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.11 Shin Chung Road, An Ping Industrial District, Tainan, TWN

Website

https://www.airmate-china.com

Airmate (Cayman) International Co Ltd is engaged in the design, development, manufacture, and sale of electrical fans and heaters. The company's product consists of electric fans, heaters, home appliances such as air purifiers, humidifiers, dehumidifiers, induction cookers, and steamers, as well as residential appliances including ventilators, commercial engineering fans, power converters, and many more. In addition, it also exports its products to various countries. The company's key revenue is from the domestic sales market. It also offers precision moulds treatment.

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