Phoenix Pioneer Technology Co (ROCO:6920) ROCE % : -17.98% (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Phoenix Pioneer Technology 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. Phoenix Pioneer Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -17.98%.

Phoenix Pioneer Technology Co ROCE % Historical Data

The historical data trend for Phoenix Pioneer Technology 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.

* Premium members only.

Phoenix Pioneer Technology Co ROCE % Chart

Phoenix Pioneer Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-14.25

-16.63

-12.13

4.22

-19.06

Phoenix Pioneer Technology Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial			-10.84	9.09	-1.69	-17.99	-17.98

Phoenix Pioneer Technology Co ROCE % Calculation

Phoenix Pioneer Technology 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 )
	=	-602.477	/	( ( (4563.424 - 1403.36)	+	(3887.704 - 726.446) )	/ 2 )
	=	-602.477	/	( (3160.064	+	3161.258)	/ 2 )
	=	-602.477	/	3160.661
	=	-19.06 %

Phoenix Pioneer Technology Co'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 )
	=	-602.306	/	( ( (4230.497 - 691.686)	+	(3887.704 - 726.446) )	/ 2 )
	=	-602.306	/	( ( 3538.811	+	3161.258 )	/ 2 )
	=	-602.306	/	3350.0345
	=	-17.98 %

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

Phoenix Pioneer Technology Co (ROCO:6920) 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.

Phoenix Pioneer Technology Co ROCE % Related Terms

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

Phoenix Pioneer Technology Co (ROCO:6920) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Pioneer Technology Co Ltd (ROCO:6920) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 458-17, Xinxing Road, Hukou Township, Hsinchu, TWN, 30353

Website

http://www.ppt.com.tw

Phoenix Pioneer Technology Co Ltd is composite by the elite of semiconductor industry and is an innovative new enterprise which is responsible for manufacturing, marketing, researching and developing IC substrate.

Phoenix Pioneer Technology Co (ROCO:6920) Headlines

No Headlines