Accton Technology (TPE:2345) ROCE % : 41.54% (As of Dec. 2023)

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What is Accton 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. Accton Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was 41.54%.

Accton Technology ROCE % Historical Data

The historical data trend for Accton 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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Accton Technology ROCE % Chart

Accton Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.00

40.89

34.30

49.41

45.41

Accton 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															47.35	41.63	52.08	56.40	41.54

Accton Technology ROCE % Calculation

Accton 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 )
	=	11805.432	/	( ( (46060.809 - 21567.677)	+	(56575.589 - 29079.532) )	/ 2 )
	=	11805.432	/	( (24493.132	+	27496.057)	/ 2 )
	=	11805.432	/	25994.5945
	=	45.41 %

Accton 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 )
	=	11023.212	/	( ( (50839.001 - 25261.039)	+	(56575.589 - 29079.532) )	/ 2 )
	=	11023.212	/	( ( 25577.962	+	27496.057 )	/ 2 )
	=	11023.212	/	26537.0095
	=	41.54 %

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

Accton Technology (TPE:2345) 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.

Accton Technology ROCE % Related Terms

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Accton Technology (TPE:2345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Accton Technology Corp (TPE:2345) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Creation 3rd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 30077

Website

https://www.accton.com

Accton Technology Corp develops, manufactures and sells innovative high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company is Switch, Network Application, Metro Access Switch, Other and Wireless. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Taiwan, the rest of Asia, Europe, and other regions.

Accton Technology (TPE:2345) Headlines

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