Formosa Petrochemical (TPE:6505) ROCE % : 0.29% (As of Dec. 2023)

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What is Formosa Petrochemical 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. Formosa Petrochemical's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.29%.

Formosa Petrochemical ROCE % Historical Data

The historical data trend for Formosa Petrochemical'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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Formosa Petrochemical ROCE % Chart

Formosa Petrochemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.70

2.55

16.17

4.66

6.97

Formosa Petrochemical Quarterly Data
	Mar19	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															-13.60	6.28	-2.05	23.55	0.29

Formosa Petrochemical ROCE % Calculation

Formosa Petrochemical'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 )
	=	25235.769	/	( ( (421781.468 - 69784.532)	+	(416161.627 - 44489.619) )	/ 2 )
	=	25235.769	/	( (351996.936	+	371672.008)	/ 2 )
	=	25235.769	/	361834.472
	=	6.97 %

Formosa Petrochemical'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 )
	=	1062.596	/	( ( (429845.61 - 61542.904)	+	(416161.627 - 44489.619) )	/ 2 )
	=	1062.596	/	( ( 368302.706	+	371672.008 )	/ 2 )
	=	1062.596	/	369987.357
	=	0.29 %

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

Formosa Petrochemical (TPE:6505) 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.

Formosa Petrochemical ROCE % Related Terms

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Formosa Petrochemical (TPE:6505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Formosa Petrochemical Corp (TPE:6505) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1-1, Formosa Plastics Industrial Park, Zhongxing Village, Mailiao Township, Yunlin County, Taipei, TWN, 638

Website

http://www.fpcc.com.tw

Formosa Petrochemical Corp engages in refining crude oil, selling refined petroleum products, and producing and selling olefins. The firm operates in two segments. The Petrochemical segment that derives majority revenue engages in producing and selling petroleum, and petrochemical products. The Public utility segment engages in producing and selling water, electricity, and steam. Its product offerings comprise gasoline, jet fuel, kerosene, fuel oil, asphalt, sulfur, lubricant, diesel, naphtha, and liquid petroleum gas.

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