Twinhead International (TPE:2364) ROCE % : 24.16% (As of Mar. 2024)

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What is Twinhead International 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. Twinhead International's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.16%.

Twinhead International ROCE % Historical Data

The historical data trend for Twinhead International'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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Twinhead International ROCE % Chart

Twinhead International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-20.86

8.81

11.88

27.23

28.83

Twinhead International 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															23.04	48.46	29.87	21.35	24.16

Twinhead International ROCE % Calculation

Twinhead International'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 )
	=	122.763	/	( ( (1156.327 - 812.537)	+	(1306.981 - 799.168) )	/ 2 )
	=	122.763	/	( (343.79	+	507.813)	/ 2 )
	=	122.763	/	425.8015
	=	28.83 %

Twinhead International'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 )
	=	125.752	/	( ( (1306.981 - 799.168)	+	(1357.329 - 824.177) )	/ 2 )
	=	125.752	/	( ( 507.813	+	533.152 )	/ 2 )
	=	125.752	/	520.4825
	=	24.16 %

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

Twinhead International (TPE:2364) 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.

Twinhead International ROCE % Related Terms

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Twinhead International (TPE:2364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Twinhead International Corp (TPE:2364) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 550, Ruiguang Road, 9th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.twinhead.com.tw

Twinhead International Corp is engaged in the manufacturing of personal computers and peripherals. Its product offerings include mobile computers for military/industrial applications, rugged tablet PCs, semi-rugged mobile computers, mobile thin clients, medical tablet PCs, and other customized motherboards/systems. In addition to standard product lines, the company also offers full original design manufacturing and partial customization service.

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