Ostin Technology Group Co (Ostin Technology Group Co) ROCE % : -53.81% (As of Sep. 2023)

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What is Ostin Technology Group 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. Ostin Technology Group Co's annualized ROCE % for the quarter that ended in Sep. 2023 was -53.81%.

Ostin Technology Group Co ROCE % Historical Data

The historical data trend for Ostin Technology Group 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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Ostin Technology Group Co ROCE % Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

11.33

35.39

23.44

5.65

-46.42

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial				16.18	27.33	-9.75	-41.22	-53.81

Ostin Technology Group Co ROCE % Calculation

Ostin Technology Group Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-9.677	/	( ( (57.234 - 31.556)	+	(56.549 - 40.531) )	/ 2 )
	=	-9.677	/	( (25.678	+	16.018)	/ 2 )
	=	-9.677	/	20.848
	=	-46.42 %

Ostin Technology Group Co's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	-9.832	/	( ( (57.677 - 37.151)	+	(56.549 - 40.531) )	/ 2 )
	=	-9.832	/	( ( 20.526	+	16.018 )	/ 2 )
	=	-9.832	/	18.272
	=	-53.81 %

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

Ostin Technology Group Co (NAS:OST) 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.

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.