Shane Global Holding (TPE:8482) ROCE % : 12.04% (As of Mar. 2024)

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What is Shane Global Holding 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. Shane Global Holding's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.04%.

Shane Global Holding ROCE % Historical Data

The historical data trend for Shane Global Holding'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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Shane Global Holding ROCE % Chart

Shane Global Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.84

22.14

30.70

27.14

10.94

Shane Global Holding 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															6.03	18.61	20.38	-0.65	12.04

Shane Global Holding ROCE % Calculation

Shane Global Holding'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 )
	=	392.463	/	( ( (5021.713 - 1236.319)	+	(4633.189 - 1244.717) )	/ 2 )
	=	392.463	/	( (3785.394	+	3388.472)	/ 2 )
	=	392.463	/	3586.933
	=	10.94 %

Shane Global Holding'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 )
	=	421.188	/	( ( (4633.189 - 1244.717)	+	(4827.485 - 1217.396) )	/ 2 )
	=	421.188	/	( ( 3388.472	+	3610.089 )	/ 2 )
	=	421.188	/	3499.2805
	=	12.04 %

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

Shane Global Holding (TPE:8482) 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.

Shane Global Holding ROCE % Related Terms

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Shane Global Holding (TPE:8482) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shane Global Holding Inc (TPE:8482) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua S.Road, 2nd Floor, No.97, Section 2, Da’an District, Taipei, TWN, 106045

Website

https://www.shaneglobal.com.tw

Shane Global Holding Inc is a holding company. The company along with its holdings is engaged in the research and development, production and sale of indoor and interior furniture. It specializes in the production and sales of sofas, sofa covers, and other leather goods. Its products include sofa, bed and ottoman.

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