King Slide Works Co (TPE:2059) ROCE % : 36.33% (As of Mar. 2024)

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What is King Slide Works 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. King Slide Works Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 36.33%.

King Slide Works Co ROCE % Historical Data

The historical data trend for King Slide Works 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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King Slide Works Co ROCE % Chart

King Slide Works Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.84

13.23

20.20

32.78

19.38

King Slide Works 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															13.20	23.30	27.92	14.09	36.33

King Slide Works Co ROCE % Calculation

King Slide Works 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 )
	=	3456.03	/	( ( (19236.213 - 1972.976)	+	(20580.928 - 2174.31) )	/ 2 )
	=	3456.03	/	( (17263.237	+	18406.618)	/ 2 )
	=	3456.03	/	17834.9275
	=	19.38 %

King Slide Works 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 )
	=	6969.604	/	( ( (20580.928 - 2174.31)	+	(22192.674 - 2228.766) )	/ 2 )
	=	6969.604	/	( ( 18406.618	+	19963.908 )	/ 2 )
	=	6969.604	/	19185.263
	=	36.33 %

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

King Slide Works Co (TPE:2059) 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.

King Slide Works Co ROCE % Related Terms

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King Slide Works Co (TPE:2059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King Slide Works Co Ltd (TPE:2059) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150

Website

https://www.kingslide.com

King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

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