Waffer Technology (TPE:6235) ROCE % : 22.25% (As of Dec. 2023)

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What is Waffer Technology 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. Waffer Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 22.25%.

Waffer Technology ROCE % Historical Data

The historical data trend for Waffer Technology'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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Waffer Technology ROCE % Chart

Waffer Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.50

32.60

8.61

12.60

24.93

Waffer Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															20.13	26.76	28.47	22.35	22.25

Waffer Technology ROCE % Calculation

Waffer Technology'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 )
	=	1051.676	/	( ( (6084.238 - 2628.481)	+	(8285.571 - 3303.017) )	/ 2 )
	=	1051.676	/	( (3455.757	+	4982.554)	/ 2 )
	=	1051.676	/	4219.1555
	=	24.93 %

Waffer Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1092.528	/	( ( (7932.08 - 3094.568)	+	(8285.571 - 3303.017) )	/ 2 )
	=	1092.528	/	( ( 4837.512	+	4982.554 )	/ 2 )
	=	1092.528	/	4910.033
	=	22.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Waffer Technology (TPE:6235) 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.

Waffer Technology ROCE % Related Terms

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Waffer Technology (TPE:6235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waffer Technology Corp (TPE:6235) » Definitions » ROCE %

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Address

No.200 Wenhua 2nd Rd, Guishan Township, Taoyuan, TWN, 33377

Website

https://www.waffer.biz

Waffer Technology Corp is a Taiwan-based company, that engages in the manufacture and sale of magnesium alloy and aluminum alloy die-casting components and products. It is engaged in the provision of a light-metal solution of magnesium and aluminum alloy, mold and tooling research and development, magnesium alloy injection, magnesium die-casting, CNC, and painting and assembly of vertical integration OEM/ODM processing. It serves its services to medical, industrial, telecommunications, construction, automotive, sporting goods, aeronautical, transportation, national defense, and other industries.

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