eGalax-eMIPIA Technology (ROCO:3556) ROCE % : 5.52% (As of Sep. 2024)

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What is eGalax-eMIPIA 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. eGalax-eMIPIA Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.52%.

eGalax-eMIPIA Technology ROCE % Historical Data

The historical data trend for eGalax-eMIPIA 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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eGalax-eMIPIA Technology ROCE % Chart

eGalax-eMIPIA Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.33

22.36

33.68

27.37

5.25

eGalax-eMIPIA Technology 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															5.61	-30.69	21.46	13.43	5.52

eGalax-eMIPIA Technology ROCE % Calculation

eGalax-eMIPIA Technology'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 )
	=	68.029	/	( ( (1757.711 - 355.553)	+	(1446.113 - 254.794) )	/ 2 )
	=	68.029	/	( (1402.158	+	1191.319)	/ 2 )
	=	68.029	/	1296.7385
	=	5.25 %

eGalax-eMIPIA Technology'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 )
	=	69.12	/	( ( (1567.073 - 319.304)	+	(1443.112 - 185.842) )	/ 2 )
	=	69.12	/	( ( 1247.769	+	1257.27 )	/ 2 )
	=	69.12	/	1252.5195
	=	5.52 %

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

eGalax-eMIPIA Technology (ROCO:3556) 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.

eGalax-eMIPIA Technology ROCE % Related Terms

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eGalax-eMIPIA Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » eGalax-eMIPIA Technology Inc (ROCO:3556) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.302, Rueiguang Road, 11th Floor, Neihu District, Taipei City, TWN, 114

Website

https://www.eeti.com

eGalax-eMIPIA Technology Inc provides touchscreen controller solutions in Taiwan. Its touchscreen solutions include projected capacitive, surface capacitive, resistive, and surface acoustic waves. It is also involved in designing, processing, and manufacturing of IC (integrated circuits). The company's reportable segments are the video/audio control chip department, and the touch panel control board/touch sensor IC department. The touch panel control board/touch sensor IC department which generates the majority of the company's revenue, focuses on the development and production of touch panel controllers and driver software. Geographically, key revenue for the company is derived from Taiwan, followed by China, and other regions.

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