Igiant Optics Co (ROCO:6915) ROCE % : 3.48% (As of Dec. 2024)

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What is Igiant Optics 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. Igiant Optics Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.48%.

Igiant Optics Co ROCE % Historical Data

The historical data trend for Igiant Optics 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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Igiant Optics Co ROCE % Chart

Igiant Optics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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571.84

89.07

14.99

-24.31

9.65

Igiant Optics Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial						18.27	-27.74	-23.09	15.94	3.48

Igiant Optics Co ROCE % Calculation

Igiant Optics Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	34.552	/	( ( (418.335 - 76.16)	+	(438.392 - 64.209) )	/ 2 )
	=	34.552	/	( (342.175	+	374.183)	/ 2 )
	=	34.552	/	358.179
	=	9.65 %

Igiant Optics Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	12.838	/	( ( (439.277 - 75.598)	+	(438.392 - 64.209) )	/ 2 )
	=	12.838	/	( ( 363.679	+	374.183 )	/ 2 )
	=	12.838	/	368.931
	=	3.48 %

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

Igiant Optics Co (ROCO:6915) 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.

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Igiant Optics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Igiant Optics Co Ltd (ROCO:6915) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13-1, Zhonghua Road, Hukou Township, Hsinchu, TWN, 303

Website

https://www.igiantopt.com

Igiant Optics Co Ltd is an optical design and manufacturing company. It offers precision micro molding on parts, Dual shot molding & insert molding, Micro molding on composites, LDS (Laser Direct Structuring), LF, LSR (Liquid Silicone Rubber), and Optical solution. Its service offerings comprise optical design, tool fabrication, precision injection, automation to full-scale inspection.

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