Taiwan Union Technology (ROCO:6274) ROCE % : 17.72% (As of Mar. 2024)

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What is Taiwan Union 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. Taiwan Union Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 17.72%.

Taiwan Union Technology ROCE % Historical Data

The historical data trend for Taiwan Union 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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Taiwan Union Technology ROCE % Chart

Taiwan Union Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.56

17.43

16.18

11.49

11.65

Taiwan Union Technology 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															9.28	9.24	14.54	14.93	17.72

Taiwan Union Technology ROCE % Calculation

Taiwan Union Technology'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 )
	=	1576.969	/	( ( (19762.525 - 6553.319)	+	(19419.632 - 5547.622) )	/ 2 )
	=	1576.969	/	( (13209.206	+	13872.01)	/ 2 )
	=	1576.969	/	13540.608
	=	11.65 %

Taiwan Union Technology'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 )
	=	2420.836	/	( ( (19419.632 - 5547.622)	+	(20069.965 - 6613.094) )	/ 2 )
	=	2420.836	/	( ( 13872.01	+	13456.871 )	/ 2 )
	=	2420.836	/	13664.4405
	=	17.72 %

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

Taiwan Union Technology (ROCO:6274) 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.

Taiwan Union Technology ROCE % Related Terms

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Taiwan Union Technology (ROCO:6274) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Union Technology Corp (ROCO:6274) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

803 Bo-ai Street, Hsinchu County, Jhubei, TWN, 302045

Website

https://www.tuc.com.tw

Taiwan Union Technology Corp is engaged in the production and distribution of materials for printed circuit boards. The company mainly produces copper clad laminate, prepreg and mass lamination, and is a supplier of printed circuit boards. Its products include High Frequency Laminate, Extreme Low Loss Laminate, Super Low Loss Laminate, Very Low Loss Laminate, Low Loss Laminates, Mid Loss Materials, Non-flow/ Mid-flow Prepregs, High Thermal Reliability Laminates, and Standard Loss Materials.

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