Powertip Tech (ROCO:6167) ROCE % : 1.75% (As of Mar. 2024)

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What is Powertip Tech 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. Powertip Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.75%.

Powertip Tech ROCE % Historical Data

The historical data trend for Powertip Tech'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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Powertip Tech ROCE % Chart

Powertip Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.17

3.05

5.62

16.68

11.83

Powertip Tech 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															6.38	20.76	16.76	4.75	1.75

Powertip Tech ROCE % Calculation

Powertip Tech'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 )
	=	221.887	/	( ( (2347.604 - 485.28)	+	(2215.315 - 326.05) )	/ 2 )
	=	221.887	/	( (1862.324	+	1889.265)	/ 2 )
	=	221.887	/	1875.7945
	=	11.83 %

Powertip Tech'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 )
	=	32.496	/	( ( (2215.315 - 326.05)	+	(2211.666 - 384.378) )	/ 2 )
	=	32.496	/	( ( 1889.265	+	1827.288 )	/ 2 )
	=	32.496	/	1858.2765
	=	1.75 %

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

Powertip Tech (ROCO:6167) 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.

Powertip Tech ROCE % Related Terms

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Powertip Tech (ROCO:6167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Powertip Tech Corp (ROCO:6167) » Definitions » ROCE %

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Address

No. 8, Gongyequ 6th Road, Taichung Industrial Park, Xitun District, Taichung, TWN, 407

Website

https://www.powertip.com.tw

Powertip Tech Corp is a manufacturer of small to mid-size full-color TFT and monochrome displays as well as resistive and capacitive touch panels. It offers character LCD modules; graphic LCD modules; color LCD modules; mono LCD modules; custom design LCD modules; and lens and lens modules.

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