Evergreen Steel (TPE:2211) ROCE % : 8.49% (As of Dec. 2023)

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What is Evergreen Steel 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. Evergreen Steel's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.49%.

Evergreen Steel ROCE % Historical Data

The historical data trend for Evergreen Steel'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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Evergreen Steel ROCE % Chart

Evergreen Steel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.82

10.31

8.17

11.98

16.61

Evergreen Steel Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															9.92	11.02	31.39	16.03	8.49

Evergreen Steel ROCE % Calculation

Evergreen Steel'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 )
	=	4908.962	/	( ( (31790.545 - 3710.308)	+	(35941.507 - 4914.794) )	/ 2 )
	=	4908.962	/	( (28080.237	+	31026.713)	/ 2 )
	=	4908.962	/	29553.475
	=	16.61 %

Evergreen Steel's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2571.072	/	( ( (34189.996 - 4651.793)	+	(35941.507 - 4914.794) )	/ 2 )
	=	2571.072	/	( ( 29538.203	+	31026.713 )	/ 2 )
	=	2571.072	/	30282.458
	=	8.49 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Evergreen Steel (TPE:2211) 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.

Evergreen Steel ROCE % Related Terms

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Evergreen Steel (TPE:2211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Evergreen Steel Corp (TPE:2211) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang'an East Road, 11th Floor, No. 100, Section 2, Zhongshan District, Taipei, TWN, 104094

Website

http://www.evergreennet.com

Evergreen Steel Corp is engaged in the steel structure engineering business. The company's steel structure engineering business mainly includes engineering projects of factories, tall buildings, and bridges.

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