Chitec Technology Co (ROCO:3430) ROCE % : 21.33% (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Chitec Technology 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. Chitec Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 21.33%.

Chitec Technology Co ROCE % Historical Data

The historical data trend for Chitec Technology 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.

* Premium members only.

Chitec Technology Co ROCE % Chart

Chitec Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.45

8.82

22.61

25.25

13.68

Chitec Technology Co Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.08	20.91	18.61	6.28	21.33

Chitec Technology Co ROCE % Calculation

Chitec Technology 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 )
	=	158.134	/	( ( (1458.911 - 301.269)	+	(1433.925 - 279.71) )	/ 2 )
	=	158.134	/	( (1157.642	+	1154.215)	/ 2 )
	=	158.134	/	1155.9285
	=	13.68 %

Chitec Technology 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 )
	=	245.304	/	( ( (1433.925 - 279.71)	+	(1469.28 - 323.883) )	/ 2 )
	=	245.304	/	( ( 1154.215	+	1145.397 )	/ 2 )
	=	245.304	/	1149.806
	=	21.33 %

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

Chitec Technology Co (ROCO:3430) 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.

Chitec Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Chitec Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Chitec Technology Co (ROCO:3430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Chitec Technology Co Ltd (ROCO:3430) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

20F., No.57, Sec. 2, Dunhua South Road, Taipei City, TWN, 106

Website

http://www.chitec.com

Chitec Technology Co Ltd is engaged in the research and development of specialty chemical applications for various industries, including electronics, medicine, automotive, and construction. Its products include photoinitiators, UV absorbers, antioxidants, flame retardants, and others.

Chitec Technology Co (ROCO:3430) Headlines

No Headlines