Truelight (ROCO:3234) ROCE % : -17.70% (As of Dec. 2024)

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What is Truelight 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. Truelight's annualized ROCE % for the quarter that ended in Dec. 2024 was -17.70%.

Truelight ROCE % Historical Data

The historical data trend for Truelight'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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Truelight ROCE % Chart

Truelight Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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2.17

-11.42

-3.24

-41.50

-24.43

Truelight 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															-70.07	-32.03	-17.74	-19.27	-17.70

Truelight ROCE % Calculation

Truelight'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 )
	=	-246.098	/	( ( (1304.606 - 390.282)	+	(1237.784 - 137.108) )	/ 2 )
	=	-246.098	/	( (914.324	+	1100.676)	/ 2 )
	=	-246.098	/	1007.5
	=	-24.43 %

Truelight'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 )
	=	-199.952	/	( ( (1368.262 - 209.315)	+	(1237.784 - 137.108) )	/ 2 )
	=	-199.952	/	( ( 1158.947	+	1100.676 )	/ 2 )
	=	-199.952	/	1129.8115
	=	-17.70 %

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

Truelight (ROCO:3234) 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.

Truelight ROCE % Related Terms

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Truelight Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Truelight Corp (ROCO:3234) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No.21, Prosperity Road 1, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.truelight.com.tw

Truelight Corp engages in the manufacturing and supply of components for the local area networks, storage area network, fiber to the home, and metro area network. The business items of the company are design, research and development, Production, and sales, which are applied to optical fiber communication, mobile communication base station interconnection, cloud data center, 3D Sensing/Near-Field Sensing/Flood Illumination Vertical Cavity Surface Emitting Laser, Edge laser, photodiode, including components, sub-modules, Light engine/AOC and other types of products. The products of the company include VCSEL chips, FP-LD chips, DFB-LD chips, and PIN chips.

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