Spine Asia Co (ROCO:6758) ROCE % : 6.26% (As of Jun. 2024)

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What is Spine Asia 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. Spine Asia Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 6.26%.

Spine Asia Co ROCE % Historical Data

The historical data trend for Spine Asia 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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Spine Asia Co ROCE % Chart

Spine Asia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.07

9.49

6.30

3.40

4.33

Spine Asia Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial										4.45	2.41	0.84	8.03	6.26

Spine Asia Co ROCE % Calculation

Spine Asia 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 )
	=	14.209	/	( ( (511.008 - 177.047)	+	(514.609 - 192.183) )	/ 2 )
	=	14.209	/	( (333.961	+	322.426)	/ 2 )
	=	14.209	/	328.1935
	=	4.33 %

Spine Asia Co'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 )
	=	20.984	/	( ( (514.609 - 192.183)	+	(530.506 - 183.047) )	/ 2 )
	=	20.984	/	( ( 322.426	+	347.459 )	/ 2 )
	=	20.984	/	334.9425
	=	6.26 %

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

Spine Asia Co (ROCO:6758) 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.

Spine Asia Co ROCE % Related Terms

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Spine Asia Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Spine Asia Co Ltd (ROCO:6758) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 80, Section 1, Chenggong Road, 20th Floor, Yonghe District, New Taipei, TWN

Website

https://www.aspine.com.tw

Spine Asia Co Ltd is a medical device company. It is engaged in the research, development, manufacturing, and marketing of spinal, implants and instruments. The company offers products such as vigor lumbar peek cage, remond polymer cervical cage, and combo cervical disc cage.

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