Victory For Technology Co (ROCO:6979) ROCE % : 33.82% (As of Jun. 2024)

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What is Victory For 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. Victory For Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 33.82%.

Victory For Technology Co ROCE % Historical Data

The historical data trend for Victory For 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.

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Victory For Technology Co ROCE % Chart

Victory For Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

17.12

12.47

5.08

Victory For Technology Co Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
ROCE %	-	-	-9.74	23.11	33.82

Victory For Technology Co ROCE % Calculation

Victory For 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 )
	=	7.007	/	( ( (350.223 - 198.871)	+	(309.551 - 185.158) )	/ 2 )
	=	7.007	/	( (151.352	+	124.393)	/ 2 )
	=	7.007	/	137.8725
	=	5.08 %

Victory For Technology Co'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: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	49.912	/	( ( (309.551 - 185.158)	+	(341.057 - 170.279) )	/ 2 )
	=	49.912	/	( ( 124.393	+	170.778 )	/ 2 )
	=	49.912	/	147.5855
	=	33.82 %

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

Victory For Technology Co (ROCO:6979) 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.

Victory For Technology Co ROCE % Related Terms

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Victory For Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Victory For Technology Co Ltd (ROCO:6979) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1F, No.111.Dingxin 10th Street, Fengshan District, Kaohsiung, TWN, 830

Website

https://www.vft.com.tw

Victory For Technology Co Ltd is a service-oriented company that adopts a win-win or even a multi-win approach to jointly create markets with customers and strengthen core advantages and values, promoting Taiwan's industry to break through its own transformation and transformation. It offers products such as CPI-mct059PG1, PET/PF polyester film, PE/PF polyethylene film, diffuser, PI, Metal aluminum substrate foil, corroded foil, and Chemical foil.

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