Asia Tech Image (ROCO:4974) ROCE % : 20.66% (As of Dec. 2024)

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What is Asia Tech Image 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. Asia Tech Image's annualized ROCE % for the quarter that ended in Dec. 2024 was 20.66%.

Asia Tech Image ROCE % Historical Data

The historical data trend for Asia Tech Image'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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Asia Tech Image ROCE % Chart

Asia Tech Image Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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18.32

19.26

25.18

16.06

19.84

Asia Tech Image 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															8.64	18.70	20.60	21.71	20.66

Asia Tech Image ROCE % Calculation

Asia Tech Image'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 )
	=	652.549	/	( ( (3878.824 - 770.222)	+	(4633.741 - 1164.134) )	/ 2 )
	=	652.549	/	( (3108.602	+	3469.607)	/ 2 )
	=	652.549	/	3289.1045
	=	19.84 %

Asia Tech Image'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 )
	=	696.532	/	( ( (4481.967 - 1208.687)	+	(4633.741 - 1164.134) )	/ 2 )
	=	696.532	/	( ( 3273.28	+	3469.607 )	/ 2 )
	=	696.532	/	3371.4435
	=	20.66 %

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

Asia Tech Image (ROCO:4974) 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.

Asia Tech Image ROCE % Related Terms

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Asia Tech Image Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asia Tech Image Inc (ROCO:4974) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, 2nd Floor, No. 880, Zhonghe District, Taipei, TWN

Website

http://www.atii.com.tw

Asia Tech Image Inc is engaged in manufacturing and selling contact image sensor modules the scope of product application is mainly for multi-functional business machines. its product includes CIS modules applied to Inkjet multi-functional printers (MFP), Laser MFP, Scanners, Plain paper copiers, and digital photo frames. It operates in three principal geographical areas including Taiwan, China, and Burma.

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