Long Time Technology Co (ROCO:6555) ROCE % : -6.90% (As of Jun. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Long Time Technology 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. Long Time Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was -6.90%.

Long Time Technology Co ROCE % Historical Data

The historical data trend for Long Time Technology 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.

* Premium members only.

Long Time Technology Co ROCE % Chart

Long Time Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-3.41

2.21

-3.02

-0.06

-10.99

Long Time Technology Co 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															2.80	-2.92	-10.20	-11.86	-6.90

Long Time Technology Co ROCE % Calculation

Long Time Technology 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 )
	=	-306.821	/	( ( (3189.361 - 233.842)	+	(2751.641 - 125.445) )	/ 2 )
	=	-306.821	/	( (2955.519	+	2626.196)	/ 2 )
	=	-306.821	/	2790.8575
	=	-10.99 %

Long Time Technology Co'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 )
	=	-177.884	/	( ( (2751.641 - 125.445)	+	(2645.306 - 117.684) )	/ 2 )
	=	-177.884	/	( ( 2626.196	+	2527.622 )	/ 2 )
	=	-177.884	/	2576.909
	=	-6.90 %

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

Long Time Technology Co (ROCO:6555) 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.

Long Time Technology Co ROCE % Related Terms

Thank you for viewing the detailed overview of Long Time Technology Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Long Time Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Long Time Technology Co Ltd (ROCO:6555) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 237, Datong Road, 6th Floor, Section 1, Xizhi District, New Taipei City, TWN

Website

https://www.lttech.com.tw

Long Time Technology Co Ltd is involved in the development and manufacturing of anode materials of lithium-ion battery. The company's products include natural graphite, artificial graphite, MCMB, and composite graphite.

Long Time Technology Co Headlines

No Headlines