Tecstar Technology Co (ROCO:3117) ROCE % : -19.10% (As of Dec. 2023)

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What is Tecstar Technology 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. Tecstar Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -19.10%.

Tecstar Technology Co ROCE % Historical Data

The historical data trend for Tecstar Technology 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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Tecstar Technology Co ROCE % Chart

Tecstar Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-37.48

-15.88

5.50

4.79

-15.15

Tecstar Technology Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															4.62	4.37	5.16	-11.73	-19.10

Tecstar Technology Co ROCE % Calculation

Tecstar Technology Co'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 )
	=	-58.279	/	( ( (850.473 - 423.985)	+	(682.778 - 339.944) )	/ 2 )
	=	-58.279	/	( (426.488	+	342.834)	/ 2 )
	=	-58.279	/	384.661
	=	-15.15 %

Tecstar Technology Co'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 )
	=	-69.178	/	( ( (755.423 - 374.041)	+	(682.778 - 339.944) )	/ 2 )
	=	-69.178	/	( ( 381.382	+	342.834 )	/ 2 )
	=	-69.178	/	362.108
	=	-19.10 %

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

Tecstar Technology Co (ROCO:3117) 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.

Tecstar Technology Co ROCE % Related Terms

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Tecstar Technology Co (ROCO:3117) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tecstar Technology Co Ltd (ROCO:3117) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ln. 863, Gaoshi Rd, 326 No.32, Taoyuan, TWN, 32668

Website

http://www.tecstar.com.tw

Tecstar Technology Co Ltd is engaged in the production and distribution of multilayer chips and iron cores in Taiwan. It offers multilayer chip beads and inductors, SMD power inductors and EMI beads, and Ni-Zn soft ferrite cores.

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