Mars Semiconductor (ROCO:6708) ROCE % : -6.80% (As of Mar. 2024)

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What is Mars Semiconductor 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. Mars Semiconductor's annualized ROCE % for the quarter that ended in Mar. 2024 was -6.80%.

Mars Semiconductor ROCE % Historical Data

The historical data trend for Mars Semiconductor'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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Mars Semiconductor ROCE % Chart

Mars Semiconductor Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.15

4.46

12.52

9.97

-6.23

Mars Semiconductor Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-12.48	-1.49	-0.15	-11.16	-6.80

Mars Semiconductor ROCE % Calculation

Mars Semiconductor'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 )
	=	-29.167	/	( ( (564.702 - 57.424)	+	(460.649 - 32.288) )	/ 2 )
	=	-29.167	/	( (507.278	+	428.361)	/ 2 )
	=	-29.167	/	467.8195
	=	-6.23 %

Mars Semiconductor's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-28.912	/	( ( (460.649 - 32.288)	+	(445.348 - 23.71) )	/ 2 )
	=	-28.912	/	( ( 428.361	+	421.638 )	/ 2 )
	=	-28.912	/	424.9995
	=	-6.80 %

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

Mars Semiconductor (ROCO:6708) 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.

Mars Semiconductor ROCE % Related Terms

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Mars Semiconductor (ROCO:6708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mars Semiconductor Corp (ROCO:6708) » Definitions » ROCE %

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N/A

Address

No. 1, Lixing 1st Road, Room C5, 3rd Floor, Hsinchu Science Park, Hsinchu, TWN

Website

http://www.mars-semi.com.tw

Mars Semiconductor Corp is a bandwidth wireless audio and video chip design company. It provides wireless cloud system service (SaaS) software and hardware integration services. The company's products include wireless home security, wireless cars, and wireless baby monitors.

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