CMSC (ROCO:7707) ROCE % : 26.31% (As of Jun. 2024)

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What is CMSC 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. CMSC's annualized ROCE % for the quarter that ended in Jun. 2024 was 26.31%.

CMSC ROCE % Historical Data

The historical data trend for CMSC'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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CMSC ROCE % Chart

CMSC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

2.00

18.52

52.41

50.20

CMSC Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			70.19	41.53	43.61	58.14	26.31

CMSC ROCE % Calculation

CMSC'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 )
	=	226.829	/	( ( (712.505 - 380.552)	+	(944.614 - 372.865) )	/ 2 )
	=	226.829	/	( (331.953	+	571.749)	/ 2 )
	=	226.829	/	451.851
	=	50.20 %

CMSC'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 )
	=	155.728	/	( ( (944.614 - 372.865)	+	(1135.952 - 523.717) )	/ 2 )
	=	155.728	/	( ( 571.749	+	612.235 )	/ 2 )
	=	155.728	/	591.992
	=	26.31 %

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

CMSC (ROCO:7707) 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.

CMSC ROCE % Related Terms

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CMSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CMSC Inc (ROCO:7707) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, No.42, Park Avenue II, Science Park, Hsin-chu, TWN, 30075

Website

https://www.cmsc.com.tw

CMSC Inc is a company involved in research, development, design, manufacturing and sales of Single-chip system platform design services and Silicon intellectual property product design services for integrated circuit design. It Provides the aforementioned products and technical services entrusted by customers.

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