Techman Robot (ROCO:4585) ROCE % : 0.00% (As of Jun. 2024)

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What is Techman Robot 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. Techman Robot's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Techman Robot ROCE % Historical Data

The historical data trend for Techman Robot'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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Techman Robot ROCE % Chart

Techman Robot Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

4.60

10.50

0.74

Techman Robot Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			-	-	-	-	-

Techman Robot ROCE % Calculation

Techman Robot'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 )
	=	12.585	/	( ( (2220.104 - 509.309)	+	(2147 - 435.731) )	/ 2 )
	=	12.585	/	( (1710.795	+	1711.269)	/ 2 )
	=	12.585	/	1711.032
	=	0.74 %

Techman Robot's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	0	/	( ( (2147 - 435.731)	+	(2338.978 - 589.53) )	/ 2 )
	=	0	/	( ( 1711.269	+	1749.448 )	/ 2 )
	=	0	/	1730.3585
	=	0.00 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Techman Robot (ROCO:4585) 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.

Techman Robot ROCE % Related Terms

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Techman Robot Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Techman Robot Inc (ROCO:4585) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huaya 2nd Road, 5th Floor.No. 58-2, Guishan District, Taoyuan, TWN, 33383

Website

https://www.tm-robot.com

Techman Robot Inc engaged in collaborative robot manufacturing based in Taiwan. The group offers collaborative robots with embedded visual systems, software, and application-based solutions to the market. Its solutions and services are Integration Services and Partner Services. Its Products are TM Robot, TM S Series, AI Vision, and Software & Accessories.

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