St Shine Optical Co (ROCO:1565) ROCE % : 8.29% (As of Dec. 2023)

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What is St Shine Optical 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. St Shine Optical Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.29%.

St Shine Optical Co ROCE % Historical Data

The historical data trend for St Shine Optical 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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St Shine Optical Co ROCE % Chart

St Shine Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.36

14.58

18.00

19.45

10.43

St Shine Optical 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															13.60	12.61	12.25	10.10	8.29

St Shine Optical Co ROCE % Calculation

St Shine Optical 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 )
	=	689.151	/	( ( (8301.695 - 1565.436)	+	(7754.252 - 1272.499) )	/ 2 )
	=	689.151	/	( (6736.259	+	6481.753)	/ 2 )
	=	689.151	/	6609.006
	=	10.43 %

St Shine Optical 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 )
	=	534.672	/	( ( (7585.814 - 1174.339)	+	(7754.252 - 1272.499) )	/ 2 )
	=	534.672	/	( ( 6411.475	+	6481.753 )	/ 2 )
	=	534.672	/	6446.614
	=	8.29 %

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

St Shine Optical Co (ROCO:1565) 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.

St Shine Optical Co ROCE % Related Terms

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St Shine Optical Co (ROCO:1565) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » St Shine Optical Co Ltd (ROCO:1565) » Definitions » ROCE %

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Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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