Ushine Photonics (ROCO:3678) ROCE % : 3.26% (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Ushine Photonics 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. Ushine Photonics's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.26%.

Ushine Photonics ROCE % Historical Data

The historical data trend for Ushine Photonics'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.

* Premium members only.

Ushine Photonics ROCE % Chart

Ushine Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

1.41

1.17

9.78

33.69

5.07

Ushine Photonics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															12.53	37.85	32.92	7.09	3.26

Ushine Photonics ROCE % Calculation

Ushine Photonics'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 )
	=	36.338	/	( ( (881.04 - 147.782)	+	(793.025 - 93.577) )	/ 2 )
	=	36.338	/	( (733.258	+	699.448)	/ 2 )
	=	36.338	/	716.353
	=	5.07 %

Ushine Photonics's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	22.524	/	( ( (852.698 - 171.962)	+	(793.025 - 93.577) )	/ 2 )
	=	22.524	/	( ( 680.736	+	699.448 )	/ 2 )
	=	22.524	/	690.092
	=	3.26 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Ushine Photonics (ROCO:3678) 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.

Ushine Photonics ROCE % Related Terms

Thank you for viewing the detailed overview of Ushine Photonics's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ushine Photonics (ROCO:3678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ushine Photonics Corp (ROCO:3678) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302

Website

http://www.ushine.com.tw

Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.

Ushine Photonics (ROCO:3678) Headlines

No Headlines