Niching Industrial (ROCO:3444) ROCE % : 15.65% (As of Dec. 2024)

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What is Niching Industrial 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. Niching Industrial's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.65%.

Niching Industrial ROCE % Historical Data

The historical data trend for Niching Industrial'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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Niching Industrial ROCE % Chart

Niching Industrial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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17.16

21.03

26.42

10.93

12.96

Niching Industrial 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															1.47	13.85	13.96	10.37	15.65

Niching Industrial ROCE % Calculation

Niching Industrial'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 )
	=	144.001	/	( ( (1430.3 - 314.27)	+	(1512.506 - 405.531) )	/ 2 )
	=	144.001	/	( (1116.03	+	1106.975)	/ 2 )
	=	144.001	/	1111.5025
	=	12.96 %

Niching Industrial'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 )
	=	170.716	/	( ( (1421.822 - 347.191)	+	(1512.506 - 405.531) )	/ 2 )
	=	170.716	/	( ( 1074.631	+	1106.975 )	/ 2 )
	=	170.716	/	1090.803
	=	15.65 %

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

Niching Industrial (ROCO:3444) 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.

Niching Industrial ROCE % Related Terms

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Niching Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Niching Industrial Corp (ROCO:3444) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 767, Taiwan Boulevard, 5th Floor, Room 5E, Section 4, Xitun District, Taichung, TWN

Website

https://www.niching.com.tw

Niching Industrial Corp is engaged in the import, export, trading, and manufacturing of various raw materials, components, and equipment required for the semiconductor and optoelectronic industries. Its products include Memory carrier boards, Logic carrier boards, Vapour chambers, Packaging components, Wafer carriers, and Customised silver paste among others. Its reportable segments are; Domestic, Asia, and others. The majority of the company's revenue is generated from the Domestic segment.

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