Finesse Technology Co (ROCO:7704) ROCE % : 15.16% (As of Jun. 2024)

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What is Finesse 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. Finesse Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 15.16%.

Finesse Technology Co ROCE % Historical Data

The historical data trend for Finesse 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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Finesse Technology Co ROCE % Chart

Finesse Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

15.35

18.46

21.54

14.48

Finesse Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			21.88	21.15	15.41	12.72	15.16

Finesse Technology Co ROCE % Calculation

Finesse 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 )
	=	126.051	/	( ( (1019.148 - 221.93)	+	(1128.586 - 184.96) )	/ 2 )
	=	126.051	/	( (797.218	+	943.626)	/ 2 )
	=	126.051	/	870.422
	=	14.48 %

Finesse 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 )
	=	141.192	/	( ( (1128.586 - 184.96)	+	(1154.817 - 235.935) )	/ 2 )
	=	141.192	/	( ( 943.626	+	918.882 )	/ 2 )
	=	141.192	/	931.254
	=	15.16 %

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

Finesse Technology Co (ROCO:7704) 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.

Finesse Technology Co ROCE % Related Terms

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Finesse Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Finesse Technology Co Ltd (ROCO:7704) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 31, Ln. 191, Zhonghe Street, Hsinchu County, Zhubei, TWN

Website

https://www.finesse-tech.com

Finesse Technology Co Ltd is a company which is focused on development of ozone generators, RPS generators, RF systems, microwave devices, electronic circuits, control systems, and other core technologies. Their service items mainly encompass semiconductor CVD/PVD equipment, including ozone generators, RPS generators, RF systems.

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