Taiwan Advanced Nanotech (ROCO:6797) ROCE % : -15.74% (As of Jun. 2024)

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What is Taiwan Advanced Nanotech 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 Advanced Nanotech's annualized ROCE % for the quarter that ended in Jun. 2024 was -15.74%.

Taiwan Advanced Nanotech ROCE % Historical Data

The historical data trend for Taiwan Advanced Nanotech'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 Advanced Nanotech ROCE % Chart

Taiwan Advanced Nanotech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-24.61

108.03

55.18

26.94

-14.48

Taiwan Advanced Nanotech Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial								62.85	-9.50	-12.29	-16.91	-15.74

Taiwan Advanced Nanotech ROCE % Calculation

Taiwan Advanced Nanotech'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 )
	=	-234.73	/	( ( (2330.444 - 500.875)	+	(1791.005 - 378) )	/ 2 )
	=	-234.73	/	( (1829.569	+	1413.005)	/ 2 )
	=	-234.73	/	1621.287
	=	-14.48 %

Taiwan Advanced Nanotech'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 )
	=	-212.168	/	( ( (1791.005 - 378)	+	(1535.095 - 251.967) )	/ 2 )
	=	-212.168	/	( ( 1413.005	+	1283.128 )	/ 2 )
	=	-212.168	/	1348.0665
	=	-15.74 %

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

Taiwan Advanced Nanotech (ROCO:6797) 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 Advanced Nanotech ROCE % Related Terms

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Taiwan Advanced Nanotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Taiwan Advanced Nanotech Inc (ROCO:6797) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Wenhe Road, 6th Floor, Leshan Lane, Guishan District, Taoyuan City, TWN, 330

Website

https://www.tanbead.com

Taiwan Advanced Nanotech Inc is engaged in development and manufacturing of various functional nanoparticles and automated nucleic acid extraction machines and trading related businesses. With expertise in automation, buffer optimization and modification of magnetic beads, it focuses on offering customer convenient and practical solutions to advance research, life science and molecular diagnostics. It offers various products to meet the requirements of customers. The company's products include Automated Extraction Instruments; Reagent Kit; Mag Nanoparticles; and Consumables.

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