LandMark Optoelectronics (ROCO:3081) ROCE % : -4.76% (As of Mar. 2024)

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What is LandMark Optoelectronics 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. LandMark Optoelectronics's annualized ROCE % for the quarter that ended in Mar. 2024 was -4.76%.

LandMark Optoelectronics ROCE % Historical Data

The historical data trend for LandMark Optoelectronics'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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LandMark Optoelectronics ROCE % Chart

LandMark Optoelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.90

15.85

9.12

8.28

-5.87

LandMark Optoelectronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-2.57	-5.34	-12.81	-3.57	-4.76

LandMark Optoelectronics ROCE % Calculation

LandMark Optoelectronics'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 )
	=	-259.359	/	( ( (5117.422 - 449.528)	+	(4383.775 - 218.585) )	/ 2 )
	=	-259.359	/	( (4667.894	+	4165.19)	/ 2 )
	=	-259.359	/	4416.542
	=	-5.87 %

LandMark Optoelectronics's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-195.68	/	( ( (4383.775 - 218.585)	+	(4304.303 - 241.917) )	/ 2 )
	=	-195.68	/	( ( 4165.19	+	4062.386 )	/ 2 )
	=	-195.68	/	4113.788
	=	-4.76 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

LandMark Optoelectronics (ROCO:3081) 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.

LandMark Optoelectronics ROCE % Related Terms

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LandMark Optoelectronics (ROCO:3081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » LandMark Optoelectronics Corp (ROCO:3081) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 12, Nanke 9th Road, Southern Science Park, Shanhua District, Tainan, TWN

Website

https://www.lmoc.com.tw

LandMark Optoelectronics Corp is active in the semiconductor industry as an epi-wafer supplier. It is engaged in the manufacturing, processing, and selling of optical semiconductors, laser diodes, and high brightness InAlGaP/AlGalnAs. The company operates in a single reportable segment, which is single product manufacturing and selling of wafers. Some of its products are DFB Epiwafer, EML Epiwafer, APD Epiwafer, FP Epiwafer, and PIN PD Epiwafer. Its geographical segments are United States, Mainland China, Taiwan, and others.

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