Syn-Tech Chem & Pharm Co (ROCO:1777) ROCE % : 5.63% (As of Dec. 2023)

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What is Syn-Tech Chem & Pharm 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. Syn-Tech Chem & Pharm Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 5.63%.

Syn-Tech Chem & Pharm Co ROCE % Historical Data

The historical data trend for Syn-Tech Chem & Pharm 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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Syn-Tech Chem & Pharm Co ROCE % Chart

Syn-Tech Chem & Pharm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.49

18.43

12.07

16.68

13.68

Syn-Tech Chem & Pharm Co 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															5.49	14.85	15.29	20.17	5.63

Syn-Tech Chem & Pharm Co ROCE % Calculation

Syn-Tech Chem & Pharm 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 )
	=	319.507	/	( ( (2779.425 - 503.733)	+	(2900.891 - 507.009) )	/ 2 )
	=	319.507	/	( (2275.692	+	2393.882)	/ 2 )
	=	319.507	/	2334.787
	=	13.68 %

Syn-Tech Chem & Pharm Co'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 )
	=	134.088	/	( ( (2967.438 - 598.553)	+	(2900.891 - 507.009) )	/ 2 )
	=	134.088	/	( ( 2368.885	+	2393.882 )	/ 2 )
	=	134.088	/	2381.3835
	=	5.63 %

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

Syn-Tech Chem & Pharm Co (ROCO:1777) 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.

Syn-Tech Chem & Pharm Co ROCE % Related Terms

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Syn-Tech Chem & Pharm Co (ROCO:1777) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Syn-Tech Chem & Pharm Co Ltd (ROCO:1777) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

168 Kai Yuan Road, Hsin Ying, TWN, 730

Website

http://www.syn-tech.com.tw

Syn-Tech Chem & Pharm Co Ltd is engaged in the production, processing, and distribution of active pharmaceutical ingredients (APIs) in Taiwan. some of its products consist of anti-inflammatory drugs, antimicrobials, spirit stabilizers, cardiovascular agents and others.

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