United Radiant Technology (ROCO:5315) ROCE % : -2.77% (As of Dec. 2023)

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What is United Radiant 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. United Radiant Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.77%.

United Radiant Technology ROCE % Historical Data

The historical data trend for United Radiant 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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United Radiant Technology ROCE % Chart

United Radiant Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.49

6.87

10.93

19.08

6.89

United Radiant Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															27.79	13.77	12.75	7.43	-2.77

United Radiant Technology ROCE % Calculation

United Radiant 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 )
	=	112.651	/	( ( (2035.941 - 378.26)	+	(1888.942 - 276.646) )	/ 2 )
	=	112.651	/	( (1657.681	+	1612.296)	/ 2 )
	=	112.651	/	1634.9885
	=	6.89 %

United Radiant 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 )
	=	-44.448	/	( ( (1900.787 - 304.934)	+	(1888.942 - 276.646) )	/ 2 )
	=	-44.448	/	( ( 1595.853	+	1612.296 )	/ 2 )
	=	-44.448	/	1604.0745
	=	-2.77 %

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

United Radiant Technology (ROCO:5315) 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.

United Radiant Technology ROCE % Related Terms

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United Radiant Technology (ROCO:5315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » United Radiant Technology Corp (ROCO:5315) » Definitions » ROCE %

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Address

No.12,Chien-Kuo Road, T.T.I.P., Tantzu District, Taichung, TWN, 42760

Website

https://www.urt.com.tw

United Radiant Technology Corp is a Taiwan-based company engaged in manufacturing, processing, and selling all kinds of liquid crystal displays (LCDs) and their modules. It is also involved in the contracting business of LED street lighting projects. Revenue from sales of goods is generated from sales of LCD modules and LCD products. n revenue comes from export sales, including sales to Europe and the Americas.

United Radiant Technology (ROCO:5315) Headlines

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