King Core Electronics (TPE:6155) ROCE % : 9.20% (As of Mar. 2024)

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What is King Core Electronics 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. King Core Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.20%.

King Core Electronics ROCE % Historical Data

The historical data trend for King Core Electronics'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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King Core Electronics ROCE % Chart

King Core Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.05

3.16

7.97

16.00

6.21

King Core Electronics 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															6.43	10.51	12.07	-4.28	9.20

King Core Electronics ROCE % Calculation

King Core Electronics'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 )
	=	95.476	/	( ( (2333.957 - 779.621)	+	(2122.855 - 601.849) )	/ 2 )
	=	95.476	/	( (1554.336	+	1521.006)	/ 2 )
	=	95.476	/	1537.671
	=	6.21 %

King Core Electronics'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 )
	=	142.084	/	( ( (2122.855 - 601.849)	+	(2191.793 - 625.459) )	/ 2 )
	=	142.084	/	( ( 1521.006	+	1566.334 )	/ 2 )
	=	142.084	/	1543.67
	=	9.20 %

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

King Core Electronics (TPE:6155) 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.

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King Core Electronics (TPE:6155) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » King Core Electronics Inc (TPE:6155) » Definitions » ROCE %

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Address

No.269, Nanfeng Road,, Pingzhen District,, Taoyuan, TWN, 324

Website

http://www.kingcore.com.tw

King Core Electronics Inc is a manufacturer and service provider of inductance components and electromagnetic interference countermeasures. The company manufactures soft ferrites, magnetic core Flyback converters, convergence coils, delay-line filtering, electromagnetic component, micro coil, common mode choke, other coils, multilayer chip inductors, bead core/ chip beads, bead array, high-frequency ceramic chip inductors, telecommunications inductor and electromagnetic interference (EMI), converters and sales of the mentioned products.

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