ProLight Opto Technology (ROCO:5277) ROCE % : -10.73% (As of Dec. 2024)

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What is ProLight Opto 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. ProLight Opto Technology's annualized ROCE % for the quarter that ended in Dec. 2024 was -10.73%.

ProLight Opto Technology ROCE % Historical Data

The historical data trend for ProLight Opto 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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ProLight Opto Technology ROCE % Chart

ProLight Opto Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-5.23

4.19

-11.14

-14.60

-9.28

ProLight Opto Technology Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															-14.31	-11.36	-17.19	-7.75	-10.73

ProLight Opto Technology ROCE % Calculation

ProLight Opto Technology's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-65.998	/	( ( (1013 - 224.97)	+	(788.996 - 154.544) )	/ 2 )
	=	-65.998	/	( (788.03	+	634.452)	/ 2 )
	=	-65.998	/	711.241
	=	-9.28 %

ProLight Opto Technology's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-73.176	/	( ( (952.451 - 222.439)	+	(788.996 - 154.544) )	/ 2 )
	=	-73.176	/	( ( 730.012	+	634.452 )	/ 2 )
	=	-73.176	/	682.232
	=	-10.73 %

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

ProLight Opto Technology (ROCO:5277) 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.

ProLight Opto Technology ROCE % Related Terms

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ProLight Opto Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ProLight Opto Technology Corp (ROCO:5277) » Definitions » ROCE %

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Address

Number 89, Xiyuan Road, Zhongli District, Taoyuan, TWN, 320

Website

http://www.prolightopto.com

ProLight Opto Technology Corp is a manufacturer of LED packaging in Taiwan. The company offers products including COB, Emitter, UV LED, Plant Grow, Automotive LED and Assorted component.

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