Eris Technology (ROCO:3675) ROCE % : 18.06% (As of Mar. 2024)

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What is Eris 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. Eris Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.06%.

Eris Technology ROCE % Historical Data

The historical data trend for Eris 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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Eris Technology ROCE % Chart

Eris Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.51

6.95

18.00

21.42

14.75

Eris Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															13.41	15.63	15.79	12.90	18.06

Eris Technology ROCE % Calculation

Eris 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 )
	=	322.213	/	( ( (3188.301 - 933.142)	+	(3164.525 - 1049.404) )	/ 2 )
	=	322.213	/	( (2255.159	+	2115.121)	/ 2 )
	=	322.213	/	2185.14
	=	14.75 %

Eris Technology's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	421.984	/	( ( (3164.525 - 1049.404)	+	(3643.98 - 1085.086) )	/ 2 )
	=	421.984	/	( ( 2115.121	+	2558.894 )	/ 2 )
	=	421.984	/	2337.0075
	=	18.06 %

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

Eris Technology (ROCO:3675) 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.

Eris Technology ROCE % Related Terms

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Eris Technology (ROCO:3675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eris Technology Corp (ROCO:3675) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203

Website

https://www.eris.com.tw

Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

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