CTCI Advanced Systems (ROCO:5209) ROCE % : 39.14% (As of Mar. 2024)

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What is CTCI Advanced Systems 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. CTCI Advanced Systems's annualized ROCE % for the quarter that ended in Mar. 2024 was 39.14%.

CTCI Advanced Systems ROCE % Historical Data

The historical data trend for CTCI Advanced Systems'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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CTCI Advanced Systems ROCE % Chart

CTCI Advanced Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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22.06

17.88

33.93

29.81

35.42

CTCI Advanced Systems 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															42.32	51.69	46.49	32.55	39.14

CTCI Advanced Systems ROCE % Calculation

CTCI Advanced Systems'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 )
	=	441.71	/	( ( (3492.654 - 2461.615)	+	(4823.554 - 3360.247) )	/ 2 )
	=	441.71	/	( (1031.039	+	1463.307)	/ 2 )
	=	441.71	/	1247.173
	=	35.42 %

CTCI Advanced Systems'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 )
	=	536.408	/	( ( (4823.554 - 3360.247)	+	(4616.693 - 3339.263) )	/ 2 )
	=	536.408	/	( ( 1463.307	+	1277.43 )	/ 2 )
	=	536.408	/	1370.3685
	=	39.14 %

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

CTCI Advanced Systems (ROCO:5209) 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.

CTCI Advanced Systems ROCE % Related Terms

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CTCI Advanced Systems (ROCO:5209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CTCI Advanced Systems Inc (ROCO:5209) » Definitions » ROCE %

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N/A

Address

11th Floor, No.16, Fushan Road, Beitou District, Taipei, TWN, 112037

Website

https://www.ctci.com

CTCI Advanced Systems Inc provides engineering research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware within computers and control systems, import and sales of computers software, hardware, and instruments. It also provides information software, data processing, digital information development and application services, providing energy technology and internet identification services, providing automation control, traffic tracking, communication engineering, safety equipment, piping engineering, mechatronics service, and consulting of engineering and management.

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