Universal Microwave Technology (ROCO:3491) ROCE % : 23.72% (As of Dec. 2024)

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What is Universal Microwave 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. Universal Microwave Technology's annualized ROCE % for the quarter that ended in Dec. 2024 was 23.72%.

Universal Microwave Technology ROCE % Historical Data

The historical data trend for Universal Microwave 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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Universal Microwave Technology ROCE % Chart

Universal Microwave Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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8.63

14.43

17.22

12.22

25.17

Universal Microwave Technology 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															10.83	18.10	38.12	21.94	23.72

Universal Microwave Technology ROCE % Calculation

Universal Microwave Technology'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 )
	=	762.698	/	( ( (3400.173 - 847.775)	+	(4283.279 - 775.72) )	/ 2 )
	=	762.698	/	( (2552.398	+	3507.559)	/ 2 )
	=	762.698	/	3029.9785
	=	25.17 %

Universal Microwave Technology'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 )
	=	886.996	/	( ( (4723.352 - 753.173)	+	(4283.279 - 775.72) )	/ 2 )
	=	886.996	/	( ( 3970.179	+	3507.559 )	/ 2 )
	=	886.996	/	3738.869
	=	23.72 %

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

Universal Microwave Technology (ROCO:3491) 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.

Universal Microwave Technology ROCE % Related Terms

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Universal Microwave Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Microwave Technology Inc (ROCO:3491) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Gongjian Road, Qidu District, Keelung City, TWN, 206

Website

https://www.umt-tw.com

Universal Microwave Technology Inc manufactures electronic components and wholesale electronic materials. It is engaged in the designing, developing, and manufacturing of custom microwave / mm-wave devices and antennas for broadband wireless communications such as Point-to-Point, Cellular, VSAT, WiMax, and LTE. The firm's operating segments are divided into the Microwave/Millimeter-wave product division, which is also its key revenue-generating segment, the Radio frequency product division, and the Communication network engineering service division. Geographically, the company generates a majority of its revenue from Taiwan and Asia (excluding Taiwan), and the rest from China, Europe, America, and Oceania.

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