Thintech Material Technology Co (ROCO:3663) ROCE % : 6.18% (As of Dec. 2024)

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What is Thintech Material Technology 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. Thintech Material Technology Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.18%.

Thintech Material Technology Co ROCE % Historical Data

The historical data trend for Thintech Material Technology 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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Thintech Material Technology Co ROCE % Chart

Thintech Material Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.44

7.45

8.71

8.14

5.00

Thintech Material Technology Co 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															6.84	2.96	6.82	3.10	6.18

Thintech Material Technology Co ROCE % Calculation

Thintech Material Technology Co'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 )
	=	155.098	/	( ( (5109.478 - 1913.588)	+	(4275.885 - 1263.063) )	/ 2 )
	=	155.098	/	( (3195.89	+	3012.822)	/ 2 )
	=	155.098	/	3104.356
	=	5.00 %

Thintech Material Technology Co'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 )
	=	185.184	/	( ( (4402.432 - 1421.174)	+	(4275.885 - 1263.063) )	/ 2 )
	=	185.184	/	( ( 2981.258	+	3012.822 )	/ 2 )
	=	185.184	/	2997.04
	=	6.18 %

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

Thintech Material Technology Co (ROCO:3663) 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.

Thintech Material Technology Co ROCE % Related Terms

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Thintech Material Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thintech Material Technology Co Ltd (ROCO:3663) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 140, Zhongshan North Road, 8F-4 Floor, Gangshan District, Kaohsiung, TWN

Website

https://www.e-ttmc.com.tw

Thintech Material Technology Co Ltd is a Taiwan-based company engaged in the processing and sales of a variety of thin film sputtering targets and precious metals, as well as trading general metals. Its products include conductive paste for solar cells, thin film for sputtering targets, target bonding service, precious metal refining, injection molding bi-metal barrels, and special alloy powder. It is engaged in four segments: ThinTech Materials Technology Co., Ltd, Taicang TCMC, Ltd., Changzhou CSPM, Ltd, and Others. Key revenue is generated from ThinTech Materials Technology Co., Ltd which is engaged in the processing and sales of various thin film sputtering targets and precious metals, as well as trading of general metals.

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