High-Tek Harness Enterprise Co (ROCO:3202) ROCE % : -8.76% (As of Sep. 2024)

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What is High-Tek Harness Enterprise 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. High-Tek Harness Enterprise Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -8.76%.

High-Tek Harness Enterprise Co ROCE % Historical Data

The historical data trend for High-Tek Harness Enterprise 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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High-Tek Harness Enterprise Co ROCE % Chart

High-Tek Harness Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.19

2.55

6.71

4.35

7.13

High-Tek Harness Enterprise Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															5.37	3.64	16.24	4.50	-8.76

High-Tek Harness Enterprise Co ROCE % Calculation

High-Tek Harness Enterprise 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 )
	=	198.065	/	( ( (4714.831 - 2287.674)	+	(5698.545 - 2567.17) )	/ 2 )
	=	198.065	/	( (2427.157	+	3131.375)	/ 2 )
	=	198.065	/	2779.266
	=	7.13 %

High-Tek Harness Enterprise Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-256.564	/	( ( (5914.018 - 2949.663)	+	(5942.72 - 3047.081) )	/ 2 )
	=	-256.564	/	( ( 2964.355	+	2895.639 )	/ 2 )
	=	-256.564	/	2929.997
	=	-8.76 %

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

High-Tek Harness Enterprise Co (ROCO:3202) 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.

High-Tek Harness Enterprise Co ROCE % Related Terms

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High-Tek Harness Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High-Tek Harness Enterprise Co Ltd (ROCO:3202) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 50, Nangang Road, Section 3, No. 16, 4th Floor, Xixin Village, Nangang District, Taipei, TWN, 11510

Website

https://www.high-tek.com.tw

High-Tek Harness Enterprise Co Ltd is engaged in the manufacturing, processing, and trading of computer parts, computer peripheral parts, communication equipment wiring components, machine wholesaling, wireline communication machinery, and other products. The company's operating segments include; the Electronics Department and the Engineering and Trading Division. The majority of its revenue is generated from the Electronics Department which mainly produces and sells computer parts and communication equipment. Geographically, the company derives a majority of its revenue from China and the rest from Taiwan.

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