High Power Lighting (ROCO:6559) ROCE % : -2.72% (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is High Power Lighting 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. High Power Lighting's annualized ROCE % for the quarter that ended in Dec. 2023 was -2.72%.

High Power Lighting ROCE % Historical Data

The historical data trend for High Power Lighting'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.

High Power Lighting ROCE % Chart

High Power Lighting Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-13.10

-10.86

-3.08

1.09

-3.33

High Power Lighting Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-4.06	3.16	-1.00	-3.99	-2.72

High Power Lighting ROCE % Calculation

High Power Lighting'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 )
	=	-7.916	/	( ( (258.729 - 19.888)	+	(253.351 - 16.862) )	/ 2 )
	=	-7.916	/	( (238.841	+	236.489)	/ 2 )
	=	-7.916	/	237.665
	=	-3.33 %

High Power Lighting's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-6.388	/	( ( (251.218 - 17.17)	+	(253.351 - 16.862) )	/ 2 )
	=	-6.388	/	( ( 234.048	+	236.489 )	/ 2 )
	=	-6.388	/	235.2685
	=	-2.72 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

High Power Lighting (ROCO:6559) 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.

High Power Lighting ROCE % Related Terms

Thank you for viewing the detailed overview of High Power Lighting's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

High Power Lighting (ROCO:6559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High Power Lighting Corp (ROCO:6559) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 173-8, Yongfeng Road, 2nd Floor, Tu Cheng District, New Taipei City, Taipei, TWN, 236

Website

http://www.hplighting.com.tw

High Power Lighting Corp is involved in packaging, manufacturing, and designing of LED products. The company offers LED Lighting, Specialty UV, and IR Lighting & Plant-Growth Lighting.

High Power Lighting (ROCO:6559) Headlines

No Headlines