Tatung System Technologies (ROCO:8099) ROCE % : 14.64% (As of Mar. 2024)

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What is Tatung System Technologies 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. Tatung System Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.64%.

Tatung System Technologies ROCE % Historical Data

The historical data trend for Tatung System Technologies'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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Tatung System Technologies ROCE % Chart

Tatung System Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.44

10.05

11.88

14.03

13.53

Tatung System Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															21.85	9.96	12.80	13.39	14.64

Tatung System Technologies ROCE % Calculation

Tatung System Technologies's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	222.788	/	( ( (3198.2 - 1523.13)	+	(3409.474 - 1792.275) )	/ 2 )
	=	222.788	/	( (1675.07	+	1617.199)	/ 2 )
	=	222.788	/	1646.1345
	=	13.53 %

Tatung System Technologies'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	242.868	/	( ( (3087.154 - 1512.978)	+	(2979.312 - 1234.522) )	/ 2 )
	=	242.868	/	( ( 1574.176	+	1744.79 )	/ 2 )
	=	242.868	/	1659.483
	=	14.64 %

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

Tatung System Technologies (ROCO:8099) 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.

Tatung System Technologies ROCE % Related Terms

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Tatung System Technologies (ROCO:8099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tatung System Technologies Inc (ROCO:8099) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No.22, Sec. 3, Zhongshan N. Road, Zhongshan Dist, Taipei, TWN, 104

Website

https://www.etatung.com

Tatung System Technologies Inc is a Taiwan-based company mainly providing IT services, including software and hardware sales related to the computer, communications, and cyber security; custom-made system integration consulting services; and value-added industrial application solutions.

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