OToBrite Electronic (ROCO:2256) ROCE % : -40.52% (As of Jun. 2024)

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What is OToBrite Electronic 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. OToBrite Electronic's annualized ROCE % for the quarter that ended in Jun. 2024 was -40.52%.

OToBrite Electronic ROCE % Historical Data

The historical data trend for OToBrite Electronic'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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OToBrite Electronic ROCE % Chart

OToBrite Electronic Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-31.04

-22.75

8.74

1.39

-78.20

OToBrite Electronic Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial					13.83	-10.84	-54.06	-106.86	-40.52

OToBrite Electronic ROCE % Calculation

OToBrite Electronic'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 )
	=	-227.159	/	( ( (589.393 - 191.005)	+	(377.698 - 195.149) )	/ 2 )
	=	-227.159	/	( (398.388	+	182.549)	/ 2 )
	=	-227.159	/	290.4685
	=	-78.20 %

OToBrite Electronic's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	-79.034	/	( ( (377.698 - 195.149)	+	(332.581 - 125.068) )	/ 2 )
	=	-79.034	/	( ( 182.549	+	207.513 )	/ 2 )
	=	-79.034	/	195.031
	=	-40.52 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

OToBrite Electronic (ROCO:2256) 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.

OToBrite Electronic ROCE % Related Terms

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OToBrite Electronic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OToBrite Electronic Inc (ROCO:2256) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Zhanye 2nd Road, Hsinchu Science Park, 6th Floor, Hsinchu, TWN

Website

https://www.otobrite.com

OToBrite Electronic Inc is dedicated to developing driver safety system products and artificial intelligence technologies. With a vision to provide vehicle imaging systems and driver assistance systems, oToBrite strives to make driving simpler and safer and to contribute to the development of automated driving technology.

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