Major Power Technology Co (ROCO:6720) ROCE % : 24.39% (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Major Power 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. Major Power Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 24.39%.

Major Power Technology Co ROCE % Historical Data

The historical data trend for Major Power 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.

Major Power Technology Co ROCE % Chart

Major Power Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

5.68

7.37

27.79

4.27

17.15

Major Power Technology Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial									27.76	11.91	-3.53	10.80	24.39

Major Power Technology Co ROCE % Calculation

Major Power 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 )
	=	55.865	/	( ( (422.692 - 133.331)	+	(500.986 - 138.906) )	/ 2 )
	=	55.865	/	( (289.361	+	362.08)	/ 2 )
	=	55.865	/	325.7205
	=	17.15 %

Major Power Technology Co'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 )
	=	80.164	/	( ( (432.247 - 136.915)	+	(500.986 - 138.906) )	/ 2 )
	=	80.164	/	( ( 295.332	+	362.08 )	/ 2 )
	=	80.164	/	328.706
	=	24.39 %

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

Major Power Technology Co (ROCO:6720) 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.

Major Power Technology Co ROCE % Related Terms

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

Major Power Technology Co (ROCO:6720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Major Power Technology Co Ltd (ROCO:6720) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6-1, Duxing Road, 2nd Floor, Hsinchu Science Park, East District, Hsinchu, TWN, 30070

Website

https://www.major-power.com.tw

Major Power Technology Co Ltd is a Taiwan-based IC design company involved in the development of Hall sensor and analog Power management components. Its product offerings include Buck, Boost, and Hall IC.

Major Power Technology Co (ROCO:6720) Headlines

No Headlines