Abico Avy Co (ROCO:5392) ROCE % : 1.59% (As of Sep. 2024)

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What is Abico Avy Co 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. Abico Avy Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.59%.

Abico Avy Co ROCE % Historical Data

The historical data trend for Abico Avy Co'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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Abico Avy Co ROCE % Chart

Abico Avy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.42

1.50

4.59

2.54

3.34

Abico Avy Co Quarterly Data
	Dec19	Mar20	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															4.86	3.04	1.88	5.46	1.59

Abico Avy Co ROCE % Calculation

Abico Avy Co'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 )
	=	339.308	/	( ( (15364.459 - 5066.414)	+	(15338.764 - 5289.066) )	/ 2 )
	=	339.308	/	( (10298.045	+	10049.698)	/ 2 )
	=	339.308	/	10173.8715
	=	3.34 %

Abico Avy Co'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 )
	=	168.68	/	( ( (15633.082 - 5045.919)	+	(15606.818 - 5039.463) )	/ 2 )
	=	168.68	/	( ( 10587.163	+	10567.355 )	/ 2 )
	=	168.68	/	10577.259
	=	1.59 %

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

Abico Avy Co (ROCO:5392) 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.

Abico Avy Co ROCE % Related Terms

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Abico Avy Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Abico Avy Co Ltd (ROCO:5392) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.101 Fuxing North Road, 10595, 10th Floor, Taipei, TWN, 10595

Website

https://www.avy.com.tw

Abico Avy Co Ltd is a professional camera parts supplier in Taiwan. It is mainly engaged in producing and supplying micro-motor. It is also involved in the designing and manufacturing of molds and stamping products. Its product offerings comprise metal parts for the camera and mobile phone, inner structured parts, nameplate and appearance parts, mechanical, electronic and auto parts. The Company has six reportable segments: Metal and Plastics Business Group, Electronic Components Distribution Business Group, Power Tools and Powder Metallurgy Business Group, Precision Plastics Business Group, and Venture Capital Business Group and others. It earns majority of the revenue from Electronic Components Distribution Business Group segment.

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