Koge Micro Tech Co (ROCO:4568) ROCE % : 5.26% (As of Mar. 2024)

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What is Koge Micro Tech 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. Koge Micro Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.26%.

Koge Micro Tech Co ROCE % Historical Data

The historical data trend for Koge Micro Tech 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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Koge Micro Tech Co ROCE % Chart

Koge Micro Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.90

15.97

14.94

14.54

3.07

Koge Micro Tech 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															-3.37	3.56	11.52	1.63	5.26

Koge Micro Tech Co ROCE % Calculation

Koge Micro Tech 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 )
	=	40.791	/	( ( (1710.357 - 340.907)	+	(1573.169 - 285.019) )	/ 2 )
	=	40.791	/	( (1369.45	+	1288.15)	/ 2 )
	=	40.791	/	1328.8
	=	3.07 %

Koge Micro Tech 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 )
	=	66.288	/	( ( (1573.169 - 285.019)	+	(1623.784 - 392.514) )	/ 2 )
	=	66.288	/	( ( 1288.15	+	1231.27 )	/ 2 )
	=	66.288	/	1259.71
	=	5.26 %

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

Koge Micro Tech Co (ROCO:4568) 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.

Koge Micro Tech Co ROCE % Related Terms

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Koge Micro Tech Co (ROCO:4568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Koge Micro Tech Co Ltd (ROCO:4568) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, No.6, Jiankang Road, Zhonghe District, New Taipei City, TWN, 23586

Website

https://www.koge.com

Koge Micro Tech Co Ltd is a Taiwan-based company engaged in the business of manufacturing precision pumps and valves. It engages in designing and producing different types of precision pumps and valves including air pumps, vacuum pumps, water pumps, gear pumps, and electromagnetic pumps; one-way solenoid valves, two-way solenoid valves, three-way solenoid valves, combined-type solenoid valves, linear-type solenoid valve and solenoid valves. The group's products are used and sold in fuel cells, energy and environment, environmental monitoring, detection analysis, medical devices, automotive products, healthcare equipment, beauty care apparatus, and household appliance fields.

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