Drewloong Precision (TPE:4572) ROCE % : 19.22% (As of Mar. 2024)

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What is Drewloong Precision 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. Drewloong Precision's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.22%.

Drewloong Precision ROCE % Historical Data

The historical data trend for Drewloong Precision'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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Drewloong Precision ROCE % Chart

Drewloong Precision Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.95

2.11

3.37

11.76

15.28

Drewloong Precision 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															14.76	17.93	18.20	10.40	19.22

Drewloong Precision ROCE % Calculation

Drewloong Precision'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 )
	=	316.2	/	( ( (2144.372 - 157.407)	+	(2365.696 - 212.828) )	/ 2 )
	=	316.2	/	( (1986.965	+	2152.868)	/ 2 )
	=	316.2	/	2069.9165
	=	15.28 %

Drewloong Precision'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 )
	=	421.624	/	( ( (2365.696 - 212.828)	+	(2446.975 - 212.074) )	/ 2 )
	=	421.624	/	( ( 2152.868	+	2234.901 )	/ 2 )
	=	421.624	/	2193.8845
	=	19.22 %

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

Drewloong Precision (TPE:4572) 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.

Drewloong Precision ROCE % Related Terms

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Drewloong Precision (TPE:4572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Drewloong Precision Inc (TPE:4572) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

166 Bade 2nd Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.drewloong.com.tw

Drewloong Precision Inc is a Taiwan-based company that engages in the provision of precision parts and components internationally. It provides engineering and fabrication services of precision tooling, machined, sheet metal components, surface treatment, and assemblies for aerospace, electronics, automotive, industrial, and other high-tech industries. The company is involved in the fabrication of precision machined components for aerospace, shipbuilding, and industrial applications. Its product and service include fuselages, wings, stabilizers, aircraft sheet metal parts, and other products.

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