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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. Highness Microelectronics's annualized ROCE % for the quarter that ended in Mar. 2025 was 54.73%.
Highness Microelectronics (BOM:544741) 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.
* 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.
(1) Note:
The EBIT data used here is one times the annual (Mar. 2025) EBIT data.
* 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.
Highness Microelectronics (BOM:544741) has a ROCE % of 54.73% as of Mar. 2025.
Is Highness Microelectronics' ROCE % too high?
Highness Microelectronics' current ROCE % is 54.73%. The Hardware industry median ROCE % is 5.85. Highness Microelectronics' value of 54.73% is 836.4% above this industry median. Overall, Highness Microelectronics has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Highness Microelectronics' ROCE % compare to APH and GLW?
Highness Microelectronics' ROCE % of 54.73% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.85. Highness Microelectronics' value of 54.73% is 836.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.85, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highness Microelectronics's current ROCE % of 54.73% is 836.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highness Microelectronics's current ROCE % is 54.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highness Microelectronics stock overvalued right now?
Highness Microelectronics (BOM:544741) has a current ROCE % of 54.73%. The current ROCE % is 54.73% and 836.4% above the Hardware industry median of 5.85. Highness Microelectronics' overall GF Score™ is 18/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Highness Microelectronics (BOM:544741), the current ROCE % is 54.73% as of Mar. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Highness Microelectronics Ltd is engaged in the Design, Development, Integration, Assembly and Manufacture of Digital-Imaging Solutions. The company operates in two main categories, namely 'Off the Shelf Products' and 'Market Specific Solutions/Project'. Its offerings include display modules and components such as TFT and LCD modules, display controllers, touch screens, backlight drivers, and related assemblies, as well as display systems, including Open-Frame Displays, Panel-Mount Displays, Industrial Grade Displays and Medical Grade Display Monitors for industrial and medical applications. The majority of the company's revenue is derived from designing, developing, integrating, assembling and manufacturing of Digital-Imaging Solutions.
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