M31 Technology (ROCO:6643) ROCE % : 11.00% (As of Mar. 2024)

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What is M31 Technology 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. M31 Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.00%.

M31 Technology ROCE % Historical Data

The historical data trend for M31 Technology'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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M31 Technology ROCE % Chart

M31 Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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33.11

25.50

18.60

25.13

26.12

M31 Technology 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															19.85	26.23	38.53	25.78	11.00

M31 Technology ROCE % Calculation

M31 Technology'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 )
	=	513.656	/	( ( (2367.298 - 505.125)	+	(2396.789 - 326.085) )	/ 2 )
	=	513.656	/	( (1862.173	+	2070.704)	/ 2 )
	=	513.656	/	1966.4385
	=	26.12 %

M31 Technology'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 )
	=	215.896	/	( ( (2396.789 - 326.085)	+	(2316.888 - 463.479) )	/ 2 )
	=	215.896	/	( ( 2070.704	+	1853.409 )	/ 2 )
	=	215.896	/	1962.0565
	=	11.00 %

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

M31 Technology (ROCO:6643) 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.

M31 Technology ROCE % Related Terms

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M31 Technology (ROCO:6643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M31 Technology Corp (ROCO:6643) » Definitions » ROCE %

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Address

No.8, Taiyuan 2nd Street, 9th Floor, Hsinchu County, Zhubei, TWN, 302

Website

https://www.m31tech.com

M31 Technology Corp is a professional silicon intellectual property (IP) provider. It focuses on providing high-speed interface IPs, memory compilers and standard cell library solutions. The company provides customers with differentiated IP solutions. These solutions help customers grasp market opportunities in short design cycles, low manufacturing costs, and high product competitiveness. The company operates in Taiwan, the United States and China.

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