Pixon Technologies (ROCO:5248) ROCE % : 8.44% (As of Jun. 2024)

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What is Pixon Technologies 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. Pixon Technologies's annualized ROCE % for the quarter that ended in Jun. 2024 was 8.44%.

Pixon Technologies ROCE % Historical Data

The historical data trend for Pixon Technologies'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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Pixon Technologies ROCE % Chart

Pixon Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.57

-0.47

2.61

2.82

3.79

Pixon Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															3.41	2.34	3.47	4.06	8.44

Pixon Technologies ROCE % Calculation

Pixon Technologies'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 )
	=	26.892	/	( ( (736.47 - 59.995)	+	(822.311 - 78.526) )	/ 2 )
	=	26.892	/	( (676.475	+	743.785)	/ 2 )
	=	26.892	/	710.13
	=	3.79 %

Pixon Technologies's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	64.194	/	( ( (822.311 - 78.526)	+	(880.709 - 102.857) )	/ 2 )
	=	64.194	/	( ( 743.785	+	777.852 )	/ 2 )
	=	64.194	/	760.8185
	=	8.44 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Pixon Technologies (ROCO:5248) 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.

Pixon Technologies ROCE % Related Terms

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Pixon Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pixon Technologies Corp (ROCO:5248) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 52, Minquan Road, 9th Floor, Xindian District, New Taipei City, TWN, 23141

Website

http://www.pixon.com.tw

Pixon Technologies Corp is a Taiwan based company operating in the imaging and optical component industry. Its designs and manufactures color CIS modules, imaging lens arrays, and linear illumination products. The products of the company include a linear light guide, CIS module, linear micro lens array, COB chip on board, and 3-in-1 module. The entity's product application provides document scanning and printing, fax, photocopiers, MFP multifunction printers, banknote counterfeit machines, lottery, electronic whiteboard, large format textile and paper printing and scanning, and other visual inspection.

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