Synbio Tech (ROCO:1295) ROCE % : 8.81% (As of Dec. 2023)

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What is Synbio Tech 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. Synbio Tech's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.81%.

Synbio Tech ROCE % Historical Data

The historical data trend for Synbio Tech'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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Synbio Tech ROCE % Chart

Synbio Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

16.42

17.53

9.37

9.78

Synbio Tech Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-	13.94	5.66	10.59	8.81

Synbio Tech ROCE % Calculation

Synbio Tech'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 )
	=	153.662	/	( ( (1676.754 - 222.482)	+	(1886.24 - 199.281) )	/ 2 )
	=	153.662	/	( (1454.272	+	1686.959)	/ 2 )
	=	153.662	/	1570.6155
	=	9.78 %

Synbio Tech'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 )
	=	145.218	/	( ( (1811.488 - 203.449)	+	(1886.24 - 199.281) )	/ 2 )
	=	145.218	/	( ( 1608.039	+	1686.959 )	/ 2 )
	=	145.218	/	1647.499
	=	8.81 %

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

Synbio Tech (ROCO:1295) 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.

Synbio Tech ROCE % Related Terms

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Synbio Tech (ROCO:1295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Synbio Tech Inc (ROCO:1295) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66,Beiling 6th Road, 821 Road, Luzhu District, Kaohsiung, TWN

Website

https://www.synbiotech.com

Synbio Tech Inc is a company specializing in the research, manufacturing and application development of lactic acid bacteria. They provide lactic acid bacteria screening, functional research and verification, and the introduction of advanced processes to produce safe and stable high-quality bacterial powder, OEM, ODM customized finished products , share application development technology, provide excellent service quality, and gain recognition from customers, allowing Shenghe to grow steadily.

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