ProMOS Technologies (LUX:PROTFPC) ROCE % : -19.24% (As of Dec. 2023)

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What is ProMOS 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. ProMOS Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.24%.

ProMOS Technologies ROCE % Historical Data

The historical data trend for ProMOS 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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ProMOS Technologies ROCE % Chart

ProMOS Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.71

82.11

7.63

5.89

-11.81

ProMOS Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															5.86	20.81	-9.08	-5.14	-19.24

ProMOS Technologies ROCE % Calculation

ProMOS 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 )
	=	-1.77	/	( ( (17.414 - 1.171)	+	(15.008 - 1.28) )	/ 2 )
	=	-1.77	/	( (16.243	+	13.728)	/ 2 )
	=	-1.77	/	14.9855
	=	-11.81 %

ProMOS 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 )
	=	-2.752	/	( ( (17.511 - 2.634)	+	(15.008 - 1.28) )	/ 2 )
	=	-2.752	/	( ( 14.877	+	13.728 )	/ 2 )
	=	-2.752	/	14.3025
	=	-19.24 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

ProMOS Technologies (LUX:PROTFPC) 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.

ProMOS Technologies ROCE % Related Terms

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ProMOS Technologies (LUX:PROTFPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ProMOS Technologies Ltd (LUX:PROTFPC) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19-1, Li-Hsin Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

http://www.promos.com.tw

ProMOS Technologies Ltd manufactures products and components pertaining to the semiconductor memory. It mainly manufactures Dynamic Random Access Memory (DRAM) and products related to the same. The company offers DDR3 SDRAM, DDR2 SDRAM, DDR SDRAM, SDRAM, mobile memory, and KGD products. It also creates simulation modules and data sheets. Geographically the activities are carried out through the region of Taiwan.

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