Hiwin Technologies (TPE:2049) ROCE % : 4.85% (As of Mar. 2024)

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What is Hiwin 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. Hiwin Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.85%.

Hiwin Technologies ROCE % Historical Data

The historical data trend for Hiwin 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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Hiwin Technologies ROCE % Chart

Hiwin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.53

7.39

12.76

15.03

6.35

Hiwin Technologies 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															6.02	8.71	7.85	3.10	4.85

Hiwin Technologies ROCE % Calculation

Hiwin Technologies'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 )
	=	2734.893	/	( ( (52139.666 - 9410.217)	+	(51436.79 - 7959.998) )	/ 2 )
	=	2734.893	/	( (42729.449	+	43476.792)	/ 2 )
	=	2734.893	/	43103.1205
	=	6.35 %

Hiwin 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: 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 )
	=	2100.96	/	( ( (51436.79 - 7959.998)	+	(51964.267 - 8831.449) )	/ 2 )
	=	2100.96	/	( ( 43476.792	+	43132.818 )	/ 2 )
	=	2100.96	/	43304.805
	=	4.85 %

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

Hiwin Technologies (TPE:2049) 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.

Hiwin Technologies ROCE % Related Terms

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Hiwin Technologies (TPE:2049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Technologies Corp (TPE:2049) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, TWN, 408225

Website

https://www.hiwin.tw

Hiwin Technologies Corp manufactures linear guideways used in precision positioning, guiding, and measuring applications. Other products include ball screws for industrial machinery, which turn rotary motion into linear motion, and linear actuators utilizing a gear system to transform motor-powered rotary movement into linear movement. The end market for Hiwin is Taiwan, followed by smaller markets in Germany, Japan, and the United States. The Group's reportable segments are linear guideways, ballscrews and others. Majority of revenue is generated from Linear guideways segment.

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