ASE Technology Holding Co (ASE Technology Holding Co) ROCE % : 7.97% (As of Mar. 2024)

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What is ASE Technology Holding 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. ASE Technology Holding Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.97%.

ASE Technology Holding Co ROCE % Historical Data

The historical data trend for ASE Technology Holding 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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ASE Technology Holding Co ROCE % Chart

ASE Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.12

9.99

19.32

17.46

10.52

ASE Technology Holding 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															7.80	10.05	11.69	13.67	7.97

ASE Technology Holding Co ROCE % Calculation

ASE Technology Holding 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 )
	=	1563.148	/	( ( (23084.321 - 7481.485)	+	(21340.278 - 7221.222) )	/ 2 )
	=	1563.148	/	( (15602.836	+	14119.056)	/ 2 )
	=	1563.148	/	14860.946
	=	10.52 %

ASE Technology Holding 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 )
	=	1131.752	/	( ( (21340.278 - 7221.222)	+	(21502.632 - 7227.064) )	/ 2 )
	=	1131.752	/	( ( 14119.056	+	14275.568 )	/ 2 )
	=	1131.752	/	14197.312
	=	7.97 %

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

ASE Technology Holding Co (NYSE:ASX) 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.

ASE Technology Holding Co ROCE % Related Terms

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ASE Technology Holding Co (ASE Technology Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASE Technology Holding Co Ltd (NYSE:ASX) » Definitions » ROCE %

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3711:Taiwan 2DQ:Germany 2DQ:Germany

Address

No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811

Website

https://www.aseglobal.com

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.