Enli Technology Co (ROCO:7728) ROCE % : 48.07% (As of Jun. 2024)

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What is Enli 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. Enli Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 48.07%.

Enli Technology Co ROCE % Historical Data

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

Enli Technology Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

21.55

19.77

35.79

38.54

Enli Technology Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial			51.48	24.90	55.80	29.57	48.07

Enli Technology Co ROCE % Calculation

Enli 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 )
	=	97.766	/	( ( (324.438 - 111.28)	+	(564.513 - 270.35) )	/ 2 )
	=	97.766	/	( (213.158	+	294.163)	/ 2 )
	=	97.766	/	253.6605
	=	38.54 %

Enli 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 )
	=	137.784	/	( ( (564.513 - 270.35)	+	(576.228 - 297.094) )	/ 2 )
	=	137.784	/	( ( 294.163	+	279.134 )	/ 2 )
	=	137.784	/	286.6485
	=	48.07 %

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

Enli Technology Co (ROCO:7728) 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.

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Enli Technology Co Business Description

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Address

Website

https://www.enlitech-sensor.com

Enli Technology Co Ltd is a company engaged in supplying of silicon photonic components and semiconductor optoelectronic wafer testing equipment with technological innovation , leading products and excellent services. Guangyan Technology 's core technologies include simulated light sources/illuminators, quantum efficiency spectrum analysis and semiconductor optoelectronic chip testing. Guangyan Technology 's products are used in a wide range of industrial fields including semiconductor, Materials, research, Aerospace, car, Electronic components.

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