Opnet Technologies Co (ROCO:8034) ROCE % : 36.12% (As of Dec. 2023)

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What is Opnet Technologies 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. Opnet Technologies Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 36.12%.

Opnet Technologies Co ROCE % Historical Data

The historical data trend for Opnet Technologies 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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Opnet Technologies Co ROCE % Chart

Opnet Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.08

2.24

13.96

6.87

15.85

Opnet Technologies 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															14.57	3.87	15.67	8.89	36.12

Opnet Technologies Co ROCE % Calculation

Opnet Technologies 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 )
	=	117.442	/	( ( (872.793 - 155.705)	+	(941.173 - 176.492) )	/ 2 )
	=	117.442	/	( (717.088	+	764.681)	/ 2 )
	=	117.442	/	740.8845
	=	15.85 %

Opnet Technologies 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 )
	=	267.348	/	( ( (934.052 - 218.293)	+	(941.173 - 176.492) )	/ 2 )
	=	267.348	/	( ( 715.759	+	764.681 )	/ 2 )
	=	267.348	/	740.22
	=	36.12 %

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

Opnet Technologies Co (ROCO:8034) 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.

Opnet Technologies Co ROCE % Related Terms

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Opnet Technologies Co (ROCO:8034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Opnet Technologies Co Ltd (ROCO:8034) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

3rd Floor Number 5, Industry E. Road, IX Hsinchu Science Park, Hsinchu, TWN, 30075

Website

https://www.opnet.com.tw

Opnet Technologies Co Ltd is primarily engaged in the research, development, production, manufacturing, and sales of optical fiber broadband user access network systems, synchronous and asynchronous digital transmission multiplexers, high-speed, asymmetric and symmetric of digital subscriber loop system, broadband modem, router and access system, broadband wireless communication equipment, digital data and voice integrated access equipment. The Company has two reportable segments: Access Network and Broadband Equipment and Transmission Equipment. The company generates majority of the revenue from Access Network and Broadband Equipment segment. Its products in Network Access include DLC, MSAN, IP DSLAM, G.SHDSL, VoIP gateway and GPON/EPON.

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