Wonderful Hi-Tech Co (ROCO:6190) ROCE % : 13.95% (As of Sep. 2024)

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What is Wonderful Hi-Tech 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. Wonderful Hi-Tech Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.95%.

Wonderful Hi-Tech Co ROCE % Historical Data

The historical data trend for Wonderful Hi-Tech 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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Wonderful Hi-Tech Co ROCE % Chart

Wonderful Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.98

11.39

15.77

22.88

10.62

Wonderful Hi-Tech 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															9.97	11.39	12.88	17.96	13.95

Wonderful Hi-Tech Co ROCE % Calculation

Wonderful Hi-Tech 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 )
	=	441.936	/	( ( (6307.459 - 2084.559)	+	(5616.423 - 1515.532) )	/ 2 )
	=	441.936	/	( (4222.9	+	4100.891)	/ 2 )
	=	441.936	/	4161.8955
	=	10.62 %

Wonderful Hi-Tech 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 )
	=	631.816	/	( ( (6791.01 - 2347.617)	+	(6639.32 - 2022.449) )	/ 2 )
	=	631.816	/	( ( 4443.393	+	4616.871 )	/ 2 )
	=	631.816	/	4530.132
	=	13.95 %

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

Wonderful Hi-Tech Co (ROCO:6190) 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.

Wonderful Hi-Tech Co ROCE % Related Terms

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Wonderful Hi-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wonderful Hi-Tech Co Ltd (ROCO:6190) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Beiyuan Road, Zhongli District, Taoyuan, TWN, 24891

Website

https://www.wontex.com

Wonderful Hi-Tech Co Ltd is engaged in the manufacturing, processing, purchase and sales and import/export business of various types of wires and cables. It offers LAN cable, copper system, FTTH solution, RF coaxial cables, Ultra Fine Wire, Hook-up Wire, Automotive wire, and Computer Cable.

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