ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) ROCE % : 7.40% (As of Dec. 2023)

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What is ChipMOS 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. ChipMOS TECHNOLOGIES's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.40%.

ChipMOS TECHNOLOGIES ROCE % Historical Data

The historical data trend for ChipMOS 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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ChipMOS TECHNOLOGIES ROCE % Chart

ChipMOS TECHNOLOGIES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.26

11.07

19.24

10.80

6.50

ChipMOS TECHNOLOGIES Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															13.70	14.86	-	-	7.40

ChipMOS TECHNOLOGIES ROCE % Calculation

ChipMOS 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 )
	=	81.09	/	( ( (1466.213 - 211.701)	+	(1477.065 - 238.031) )	/ 2 )
	=	81.09	/	( (1254.512	+	1239.034)	/ 2 )
	=	81.09	/	1246.773
	=	6.50 %

ChipMOS TECHNOLOGIES'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	91.452	/	( ( (1486.24 - 253.449)	+	(1477.065 - 238.031) )	/ 2 )
	=	91.452	/	( ( 1232.791	+	1239.034 )	/ 2 )
	=	91.452	/	1235.9125
	=	7.40 %

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

ChipMOS TECHNOLOGIES (NAS:IMOS) 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.

ChipMOS TECHNOLOGIES ROCE % Related Terms

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ChipMOS TECHNOLOGIES (ChipMOS TECHNOLOGIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ChipMOS TECHNOLOGIES Inc (NAS:IMOS) » Definitions » ROCE %

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8150:Taiwan CPIA:Germany CPIA:Germany

Address

No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.chipmos.com

ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.