Axiomtek Co (ROCO:3088) ROCE % : 21.03% (As of Dec. 2024)

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What is Axiomtek 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. Axiomtek Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 21.03%.

Axiomtek Co ROCE % Historical Data

The historical data trend for Axiomtek 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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Axiomtek Co ROCE % Chart

Axiomtek Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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13.81

15.66

21.53

21.28

18.72

Axiomtek Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.34	17.33	17.95	20.91	21.03

Axiomtek Co ROCE % Calculation

Axiomtek Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1063.945	/	( ( (6857.99 - 1447.45)	+	(7260.852 - 1302.063) )	/ 2 )
	=	1063.945	/	( (5410.54	+	5958.789)	/ 2 )
	=	1063.945	/	5684.6645
	=	18.72 %

Axiomtek Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1223.964	/	( ( (7366.386 - 1687.547)	+	(7260.852 - 1302.063) )	/ 2 )
	=	1223.964	/	( ( 5678.839	+	5958.789 )	/ 2 )
	=	1223.964	/	5818.814
	=	21.03 %

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

Axiomtek Co (ROCO:3088) 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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Axiomtek Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Axiomtek Co Ltd (ROCO:3088) » Definitions » ROCE %

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Address

No. 55, Nanxing Road, 8th Floor, New Taipei City, Xizhi District, Taipei, TWN, 221026

Website

https://www.axiomtek.com

Axiomtek Co Ltd is a Taiwan-based company is engaged in the designing, manufacturing, and sales of PC-based industrial computer products and peripherals. The company products are Industrial PCs, Single Board Computers, System on Modules, Fanless and Rugged Embedded Systems, Intelligent Transportation Systems, Touch Panel Computers, Medival Panel Computers, and others.

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