Taiwan Takisawa Technology Co (ROCO:6609) ROCE % : 21.72% (As of Sep. 2024)

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What is Taiwan Takisawa 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. Taiwan Takisawa Technology Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 21.72%.

Taiwan Takisawa Technology Co ROCE % Historical Data

The historical data trend for Taiwan Takisawa 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.

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Taiwan Takisawa Technology Co ROCE % Chart

Taiwan Takisawa Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.12

3.05

9.12

16.74

6.98

Taiwan Takisawa Technology 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															13.49	8.18	2.40	13.21	21.72

Taiwan Takisawa Technology Co ROCE % Calculation

Taiwan Takisawa 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 )
	=	198.397	/	( ( (4892.344 - 1889.317)	+	(4139.4 - 1455.793) )	/ 2 )
	=	198.397	/	( (3003.027	+	2683.607)	/ 2 )
	=	198.397	/	2843.317
	=	6.98 %

Taiwan Takisawa Technology 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 )
	=	557.492	/	( ( (3720.713 - 1212.074)	+	(3895.664 - 1270.61) )	/ 2 )
	=	557.492	/	( ( 2508.639	+	2625.054 )	/ 2 )
	=	557.492	/	2566.8465
	=	21.72 %

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

Taiwan Takisawa Technology Co (ROCO:6609) 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 Takisawa Technology Co ROCE % Related Terms

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Taiwan Takisawa Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taiwan Takisawa Technology Co Ltd (ROCO:6609) » Definitions » ROCE %

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Address

No. 505, Sec. 3, Yanping Road, Pingzhen District, Taoyuan, TWN, 324

Website

https://www.takisawa.com.tw

Taiwan Takisawa Technology Co Ltd is a Taiwan-based company engaged in manufacturing and selling machinery equipment and other electronic components. The company derives revenue from the sale of goods and the rendering of services. It offers a Computer numerical control lathe, OEM lathe, PCB driller, Precision lathe, and other components, and after-sale services, of which key revenue is generated from the Computer numerical control lathe.

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