Taiwan Numerical Powers Co (ROCO:6593) ROCE % : 0.68% (As of Mar. 2024)

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What is Taiwan Numerical Powers 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. Taiwan Numerical Powers Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.68%.

Taiwan Numerical Powers Co ROCE % Historical Data

The historical data trend for Taiwan Numerical Powers 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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Taiwan Numerical Powers Co ROCE % Chart

Taiwan Numerical Powers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.02

-0.34

3.63

0.94

7.44

Taiwan Numerical Powers 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															3.92	5.07	11.59	9.22	0.68

Taiwan Numerical Powers Co ROCE % Calculation

Taiwan Numerical Powers 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 )
	=	64.147	/	( ( (923.934 - 83.249)	+	(1009.613 - 126.472) )	/ 2 )
	=	64.147	/	( (840.685	+	883.141)	/ 2 )
	=	64.147	/	861.913
	=	7.44 %

Taiwan Numerical Powers 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 )
	=	6.012	/	( ( (1009.613 - 126.472)	+	(994.98 - 112.737) )	/ 2 )
	=	6.012	/	( ( 883.141	+	882.243 )	/ 2 )
	=	6.012	/	882.692
	=	0.68 %

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

Taiwan Numerical Powers Co (ROCO:6593) 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.

Taiwan Numerical Powers Co ROCE % Related Terms

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Taiwan Numerical Powers Co (ROCO:6593) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taiwan Numerical Powers Co Ltd (ROCO:6593) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 36, Huaya 1st Road, Guishan District, Taoyuan, TWN, 33383

Website

https://www.tnp.com.tw

Taiwan Numerical Powers Co Ltd is engaged in manufacturing and selling nameplates, plastic cards, and membrane switches, integrated circuit cards, bank transaction cards (automatic teller machine or ATM cards, credit cards, etc.) as well as processing certain bank data of individuals.

Taiwan Numerical Powers Co (ROCO:6593) Headlines

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