Max Echo Technology (ROCO:5228) ROCE % : -5.68% (As of Sep. 2024)

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What is Max Echo Technology 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. Max Echo Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.68%.

Max Echo Technology ROCE % Historical Data

The historical data trend for Max Echo Technology'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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Max Echo Technology ROCE % Chart

Max Echo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.04

4.18

7.14

6.67

-7.35

Max Echo Technology Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-10.74	-12.24	-11.03	-9.19	-5.68

Max Echo Technology ROCE % Calculation

Max Echo Technology'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 )
	=	-77.251	/	( ( (1347.311 - 242.368)	+	(1221.122 - 224.054) )	/ 2 )
	=	-77.251	/	( (1104.943	+	997.068)	/ 2 )
	=	-77.251	/	1051.0055
	=	-7.35 %

Max Echo Technology's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-51.944	/	( ( (1173.581 - 245.424)	+	(1172.226 - 272.966) )	/ 2 )
	=	-51.944	/	( ( 928.157	+	899.26 )	/ 2 )
	=	-51.944	/	913.7085
	=	-5.68 %

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

Max Echo Technology (ROCO:5228) 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.

Max Echo Technology ROCE % Related Terms

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Max Echo Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Max Echo Technology Corp (ROCO:5228) » Definitions » ROCE %

Comparable Companies

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N/A

Address

Number 15, Jingke E. Road, Nantun District, Taichung, TWN, 408

Website

http://www.maxecho.com.tw

Max Echo Technology Corp is a Taiwan based company engaged in manufacturing and selling SMD multilayer inductor and bead. Its products include multilayer GHz high-frequency ferrite chip beads, multilayer ferrite chip beads, multilayer balun transformers, and multilayer power inductors.

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