Advanced Wireless & Antenna (ROCO:6818) ROCE % : 13.81% (As of Dec. 2023)

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What is Advanced Wireless & Antenna 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. Advanced Wireless & Antenna's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.81%.

Advanced Wireless & Antenna ROCE % Historical Data

The historical data trend for Advanced Wireless & Antenna'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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Advanced Wireless & Antenna ROCE % Chart

Advanced Wireless & Antenna Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

16.00

6.14

-12.74

5.91

6.33

Advanced Wireless & Antenna Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					-8.70	6.80	5.09	-1.07	13.81

Advanced Wireless & Antenna ROCE % Calculation

Advanced Wireless & Antenna'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 )
	=	20.815	/	( ( (699.991 - 398.276)	+	(736.486 - 380.87) )	/ 2 )
	=	20.815	/	( (301.715	+	355.616)	/ 2 )
	=	20.815	/	328.6655
	=	6.33 %

Advanced Wireless & Antenna'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 )
	=	44.822	/	( ( (673.734 - 380.096)	+	(736.486 - 380.87) )	/ 2 )
	=	44.822	/	( ( 293.638	+	355.616 )	/ 2 )
	=	44.822	/	324.627
	=	13.81 %

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

Advanced Wireless & Antenna (ROCO:6818) 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.

Advanced Wireless & Antenna ROCE % Related Terms

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Advanced Wireless & Antenna (ROCO:6818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advanced Wireless & Antenna Inc (ROCO:6818) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beixin Road., Xindian District, B2F, Number 207-1, Sec 3, New Taipei City, Taipei, TWN, 231

Website

http://www.awan-ant.com

Advanced Wireless & Antenna Inc is engaged in designing and manufacturing the electronic components for IT, digital home appliances, and portable devices. Its products include V2X, IOT, IT and Networking.

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