Tai Tung Communication Co (TPE:8011) ROCE % : 0.70% (As of Mar. 2024)

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What is Tai Tung Communication 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. Tai Tung Communication Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.70%.

Tai Tung Communication Co ROCE % Historical Data

The historical data trend for Tai Tung Communication 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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Tai Tung Communication Co ROCE % Chart

Tai Tung Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.77

0.07

-3.72

-3.68

1.70

Tai Tung Communication 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															0.57	1.38	1.48	1.70	0.70

Tai Tung Communication Co ROCE % Calculation

Tai Tung Communication 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 )
	=	104.464	/	( ( (6439.934 - 706.723)	+	(7807.903 - 1279.649) )	/ 2 )
	=	104.464	/	( (5733.211	+	6528.254)	/ 2 )
	=	104.464	/	6130.7325
	=	1.70 %

Tai Tung Communication 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 )
	=	29.924	/	( ( (7807.903 - 1279.649)	+	(2873.966 - 795.128) )	/ 2 )
	=	29.924	/	( ( 6528.254	+	2078.838 )	/ 2 )
	=	29.924	/	4303.546
	=	0.70 %

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

Tai Tung Communication Co (TPE:8011) 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.

Tai Tung Communication Co ROCE % Related Terms

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Tai Tung Communication Co (TPE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Tung Communication Co Ltd (TPE:8011) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN

Website

https://www.ttcc.com.tw

Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

Tai Tung Communication Co (TPE:8011) Headlines

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