Sixxon Tech Co (TPE:4569) ROCE % : 13.72% (As of Mar. 2024)

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What is Sixxon Tech 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. Sixxon Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.72%.

Sixxon Tech Co ROCE % Historical Data

The historical data trend for Sixxon Tech 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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Sixxon Tech Co ROCE % Chart

Sixxon Tech Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

6.26

13.70

12.76

3.76

Sixxon Tech Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial						4.73	8.02	5.93	-2.59	13.72

Sixxon Tech Co ROCE % Calculation

Sixxon Tech 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 )
	=	96.426	/	( ( (2544.521 - 129.336)	+	(2818.412 - 101.478) )	/ 2 )
	=	96.426	/	( (2415.185	+	2716.934)	/ 2 )
	=	96.426	/	2566.0595
	=	3.76 %

Sixxon Tech 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 )
	=	367.5	/	( ( (2818.412 - 101.478)	+	(2905.834 - 266) )	/ 2 )
	=	367.5	/	( ( 2716.934	+	2639.834 )	/ 2 )
	=	367.5	/	2678.384
	=	13.72 %

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

Sixxon Tech Co (TPE:4569) 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.

Sixxon Tech Co ROCE % Related Terms

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Sixxon Tech Co (TPE:4569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sixxon Tech Co Ltd (TPE:4569) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 189, Section 2, Keelung Road, 110-13, 13th Floor, Xinyi District, Taipei City, TWN

Website

https://www.sixxontech.com

Sixxon Tech Co Ltd is a product solutions company providing comprehensive design, manufacturing, supply chain, and product management services. Its main business is the design, manufacturing, processing, and sales of precision metal parts and components of automotive, industrial applications, electronics, and medical products. It uses 3D design software as development aids for metal raw materials such as copper, aluminum, titanium alloys, steel, and stainless steel, and complex multi-axis machines to enable Various metal materials to be processed in a single machine; and through on-site monitoring software.

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