Wafer Works Optronics (ROCO:5221) ROCE % : -46.19% (As of Jun. 2013)

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What is Wafer Works Optronics 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. Wafer Works Optronics's annualized ROCE % for the quarter that ended in Jun. 2013 was -46.19%.

Wafer Works Optronics ROCE % Historical Data

The historical data trend for Wafer Works Optronics'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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Wafer Works Optronics ROCE % Chart

Wafer Works Optronics Annual Data

Trend

Dec10

Dec11

Dec12

ROCE %

4.64

-37.97

-45.89

Wafer Works Optronics Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
ROCE %	Get a 7-Day Free Trial			-6.67	-67.05	-46.51	-48.83	-46.19

Wafer Works Optronics ROCE % Calculation

Wafer Works Optronics's annualized ROCE % for the fiscal year that ended in Dec. 2012 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-318.307	/	( ( (1072.899 - 350.261)	+	(1176.048 - 511.368) )	/ 2 )
	=	-318.307	/	( (722.638	+	664.68)	/ 2 )
	=	-318.307	/	693.659
	=	-45.89 %

Wafer Works Optronics's ROCE % of for the quarter that ended in Jun. 2013 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2013 )		(Q: Dec. 2012 )		(Q: Jun. 2013 )
	=	-271.576	/	( ( (1176.048 - 511.368)	+	(1108.002 - 596.854) )	/ 2 )
	=	-271.576	/	( ( 664.68	+	511.148 )	/ 2 )
	=	-271.576	/	587.914
	=	-46.19 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2013) EBIT data.

Wafer Works Optronics (ROCO:5221) 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.

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Wafer Works Optronics (ROCO:5221) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wafer Works Optronics Corp. (ROCO:5221) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Website

http://www.wwopt.com

Wafer Works Optronics Corp. is engaged in the development and production of sapphire monocrystalline ingots and sapphire substrates. The company also provides polishing services. It offers monocrystalline ingots for photovoltaic applications; etc.

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