Turn Cloud Technology Service (ROCO:6870) ROCE % : 9.05% (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Turn Cloud Technology Service 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. Turn Cloud Technology Service's annualized ROCE % for the quarter that ended in Jun. 2024 was 9.05%.

Turn Cloud Technology Service ROCE % Historical Data

The historical data trend for Turn Cloud Technology Service'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.

Turn Cloud Technology Service ROCE % Chart

Turn Cloud Technology Service Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

15.72

14.82

22.23

15.20

11.08

Turn Cloud Technology Service Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial										12.69	15.87	11.27	5.10	9.05

Turn Cloud Technology Service ROCE % Calculation

Turn Cloud Technology Service'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 )
	=	94.992	/	( ( (962.66 - 301.399)	+	(1336.041 - 282.893) )	/ 2 )
	=	94.992	/	( (661.261	+	1053.148)	/ 2 )
	=	94.992	/	857.2045
	=	11.08 %

Turn Cloud Technology Service'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	95.26	/	( ( (1298.726 - 231.547)	+	(1378.348 - 341.379) )	/ 2 )
	=	95.26	/	( ( 1067.179	+	1036.969 )	/ 2 )
	=	95.26	/	1052.074
	=	9.05 %

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

Turn Cloud Technology Service (ROCO:6870) 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.

Turn Cloud Technology Service ROCE % Related Terms

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

Turn Cloud Technology Service Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Turn Cloud Technology Service Inc (ROCO:6870) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11th Floor-11, No.99, Section 1, XinTai 5th Road, Xizhi District, New Taipei City, Taipei, TWN, 221

Website

https://www.turn2cloud.com

Turn Cloud Technology Service Inc is engaged in using retail technology to provide financial technology services, including financial applications, membership activities, integrated payments, and marketing platforms. Its products include Hoyabox, Olink, Tpos, Tshop, Business Intelligence, and Digital Marketing among others.

Turn Cloud Technology Service Headlines

No Headlines