Ledlink Optics (ROCO:5230) ROCE % : 4.07% (As of Mar. 2024)

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What is Ledlink Optics 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. Ledlink Optics's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.07%.

Ledlink Optics ROCE % Historical Data

The historical data trend for Ledlink Optics'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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Ledlink Optics ROCE % Chart

Ledlink Optics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.35

0.56

4.92

-0.20

1.56

Ledlink Optics 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															-1.04	-1.44	3.86	4.36	4.07

Ledlink Optics ROCE % Calculation

Ledlink Optics'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 )
	=	24.965	/	( ( (2223.905 - 715.598)	+	(2419.424 - 718.135) )	/ 2 )
	=	24.965	/	( (1508.307	+	1701.289)	/ 2 )
	=	24.965	/	1604.798
	=	1.56 %

Ledlink Optics'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 )
	=	70.536	/	( ( (2419.424 - 718.135)	+	(2511.166 - 744.364) )	/ 2 )
	=	70.536	/	( ( 1701.289	+	1766.802 )	/ 2 )
	=	70.536	/	1734.0455
	=	4.07 %

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

Ledlink Optics (ROCO:5230) 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.

Ledlink Optics ROCE % Related Terms

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Ledlink Optics (ROCO:5230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ledlink Optics Inc (ROCO:5230) » Definitions » ROCE %

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Address

No. 655, Bannan Road, 15th Floor, Zhonghe District, New Taipei City, TWN

Website

https://www.ledlink-optics.com

Ledlink Optics Inc is engaged in designing and manufacturing optics for emerging solid-state lighting companies such as Cree, Edison, Nichia, Osram, Lumileds, Samsung, Seoul, and other LED manufacturers. It offers lenses in a variety of packages with numerous beam pattern options and sizes, such as residential lighting, commercial lighting, street lighting, and architectural lighting.

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