Syncomm Technology (ROCO:3150) ROCE % : -1.23% (As of Mar. 2024)

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What is Syncomm Technology 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. Syncomm Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.23%.

Syncomm Technology ROCE % Historical Data

The historical data trend for Syncomm Technology'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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Syncomm Technology ROCE % Chart

Syncomm Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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8.66

5.47

13.79

20.47

15.26

Syncomm Technology Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-5.42	0.82	0.89	-8.06	-1.23

Syncomm Technology ROCE % Calculation

Syncomm Technology's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	60.387	/	( ( (485.192 - 104.592)	+	(493.908 - 82.931) )	/ 2 )
	=	60.387	/	( (380.6	+	410.977)	/ 2 )
	=	60.387	/	395.7885
	=	15.26 %

Syncomm Technology'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-5.868	/	( ( (433.812 - 64.004)	+	(681.2 - 100.258) )	/ 2 )
	=	-5.868	/	( ( 369.808	+	580.942 )	/ 2 )
	=	-5.868	/	475.375
	=	-1.23 %

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

Syncomm Technology (ROCO:3150) 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.

Syncomm Technology ROCE % Related Terms

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Syncomm Technology (ROCO:3150) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Syncomm Technology Corp (ROCO:3150) » Definitions » ROCE %

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Address

Gongdao 5th Road, East District, 10th Floor, No.101, Sec. 2, Hsinchu City, TWN, 30070

Website

http://www.syncomm.com.tw

Syncomm Technology Corp is a Taiwan based fabless semiconductor company. It is specializing in real time wireless digital audio and video streaming technology. The company provides varieties of solutions ranging from mobile to multi-room, from MP3-like to audiophile quality in Taiwan.

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