TacBright Optronics (ROCO:6434) ROCE % : -0.85% (As of Jun. 2024)

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What is TacBright Optronics 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. TacBright Optronics's annualized ROCE % for the quarter that ended in Jun. 2024 was -0.85%.

TacBright Optronics ROCE % Historical Data

The historical data trend for TacBright Optronics'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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TacBright Optronics ROCE % Chart

TacBright Optronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.39

2.00

3.41

-0.03

-5.59

TacBright Optronics 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															2.45	-2.57	-6.48	-4.67	-0.85

TacBright Optronics ROCE % Calculation

TacBright Optronics'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 )
	=	-167.52	/	( ( (4054.96 - 918.894)	+	(3640.964 - 788.278) )	/ 2 )
	=	-167.52	/	( (3136.066	+	2852.686)	/ 2 )
	=	-167.52	/	2994.376
	=	-5.59 %

TacBright Optronics'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 )
	=	-23.564	/	( ( (3640.964 - 788.278)	+	(3440.501 - 779.273) )	/ 2 )
	=	-23.564	/	( ( 2852.686	+	2661.228 )	/ 2 )
	=	-23.564	/	2756.957
	=	-0.85 %

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

TacBright Optronics (ROCO:6434) 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.

TacBright Optronics ROCE % Related Terms

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TacBright Optronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TacBright Optronics Corp (ROCO:6434) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Kebei 2nd Road, Hsinchu Science Industrial Park, Miaoli County, ZhunanTownship, Hsinchu, TWN

Website

http://www.tacbright.com

TacBright Optronics Corp is engaged in synthetic resin and plastic manufacturing, surface treatment, wholesale and retail of chemical raw materials, and electronics. Wholesale and retail of sub-materials and manufacturing of precision chemical materials.

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