Mega Union Technology (ROCO:6944) ROCE % : 52.07% (As of Dec. 2024)

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What is Mega Union Technology 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. Mega Union Technology's annualized ROCE % for the quarter that ended in Dec. 2024 was 52.07%.

Mega Union Technology ROCE % Historical Data

The historical data trend for Mega Union Technology'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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Mega Union Technology ROCE % Chart

Mega Union Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

4.17

17.82

20.47

43.47

44.70

Mega Union Technology Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial					52.04	44.44	95.02	39.33	52.07

Mega Union Technology ROCE % Calculation

Mega Union Technology'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 )
	=	1980.941	/	( ( (7958.249 - 4101.313)	+	(9753.802 - 4746.623) )	/ 2 )
	=	1980.941	/	( (3856.936	+	5007.179)	/ 2 )
	=	1980.941	/	4432.0575
	=	44.70 %

Mega Union Technology'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: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	2461.716	/	( ( (8232.769 - 3785.225)	+	(9753.802 - 4746.623) )	/ 2 )
	=	2461.716	/	( ( 4447.544	+	5007.179 )	/ 2 )
	=	2461.716	/	4727.3615
	=	52.07 %

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

Mega Union Technology (ROCO:6944) 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.

Mega Union Technology ROCE % Related Terms

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Mega Union Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mega Union Technology Inc (ROCO:6944) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.439-3, Taoying Road, 1st Floor, Taoyuan County, Taoyuan City, TWN

Website

http://www.megaunion-tw.com

Mega Union Technology Inc develops various wastewater treatment technology. It focuses on water recovery and recycling, prolonging the cycle life of water, and reducing the depletion of water resources. Its offers Seawater desalination/general industrial water/ultrapure water production systems; Wastewater Treatment Systems / Recycled Water Treatment Systems; and Chemical Recycling Manufacturing Systems.

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