Taiwan Secom Co (TPE:9917) ROCE % : 18.25% (As of Dec. 2023)

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What is Taiwan Secom 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. Taiwan Secom Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.25%.

Taiwan Secom Co ROCE % Historical Data

The historical data trend for Taiwan Secom 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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Taiwan Secom Co ROCE % Chart

Taiwan Secom Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.89

19.92

18.91

18.95

18.39

Taiwan Secom Co 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															19.98	18.05	19.51	19.18	18.25

Taiwan Secom Co ROCE % Calculation

Taiwan Secom 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 )
	=	3304.427	/	( ( (25903.391 - 8870.692)	+	(26860.39 - 7962.009) )	/ 2 )
	=	3304.427	/	( (17032.699	+	18898.381)	/ 2 )
	=	3304.427	/	17965.54
	=	18.39 %

Taiwan Secom Co'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 )
	=	3430.756	/	( ( (25843.274 - 7141.898)	+	(26860.39 - 7962.009) )	/ 2 )
	=	3430.756	/	( ( 18701.376	+	18898.381 )	/ 2 )
	=	3430.756	/	18799.8785
	=	18.25 %

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

Taiwan Secom Co (TPE:9917) 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.

Taiwan Secom Co ROCE % Related Terms

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Taiwan Secom Co (TPE:9917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Taiwan Secom Co Ltd (TPE:9917) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 139, Zhengzhou Road, 6th Floor, Taipei, TWN

Website

https://www.secom.com.tw

Taiwan Secom Co Ltd is involved in security and protection services. The company has four operating segments; the Electronic system segment engages in security system-related services, the Security guard service segment engages in security guarding related services, the Cash delivery service segment engages in cash delivery service, and the Logistics service segment engages in logistic service. It generates maximum revenue from the Electronic System segment. Geographically, it derives a majority of its revenue from Taiwan.

Taiwan Secom Co (TPE:9917) Headlines

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