Innovision FlexTech (ROCO:6673) ROCE % : 2.96% (As of Jun. 2024)

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What is Innovision FlexTech 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. Innovision FlexTech's annualized ROCE % for the quarter that ended in Jun. 2024 was 2.96%.

Innovision FlexTech ROCE % Historical Data

The historical data trend for Innovision FlexTech'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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Innovision FlexTech ROCE % Chart

Innovision FlexTech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-18.31

-8.68

5.09

5.64

-33.52

Innovision FlexTech Semi-Annual Data
	Dec14	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														14.94	-3.36	-19.78	-49.26	2.96

Innovision FlexTech ROCE % Calculation

Innovision FlexTech'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 )
	=	-78.468	/	( ( (381.12 - 81.49)	+	(256.147 - 87.534) )	/ 2 )
	=	-78.468	/	( (299.63	+	168.613)	/ 2 )
	=	-78.468	/	234.1215
	=	-33.52 %

Innovision FlexTech'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 )
	=	5.098	/	( ( (256.147 - 87.534)	+	(261.69 - 85.721) )	/ 2 )
	=	5.098	/	( ( 168.613	+	175.969 )	/ 2 )
	=	5.098	/	172.291
	=	2.96 %

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

Innovision FlexTech (ROCO:6673) 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.

Innovision FlexTech ROCE % Related Terms

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Innovision FlexTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innovision FlexTech Corp (ROCO:6673) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 248-20, Xinsheng Road, 1st Floor, Qianzhen District, Kaohsiung City, TWN

Website

http://www.iftc.com.tw

Innovision FlexTech Corp is engaged in manufacturing and sales of electronic materials. It has developed the linear microstructure light-resistant projection screen. The company's products include Ultra short focus front, In the long tail shot, and Rear projection screen.

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