Horng Terng Automation Co (ROCO:7751) ROCE % : 35.38% (As of Jun. 2024)

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What is Horng Terng Automation 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. Horng Terng Automation Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 35.38%.

Horng Terng Automation Co ROCE % Historical Data

The historical data trend for Horng Terng Automation 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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Horng Terng Automation Co ROCE % Chart

Horng Terng Automation Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

51.28

19.54

Horng Terng Automation Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
ROCE %	-	24.32	14.96	35.38

Horng Terng Automation Co ROCE % Calculation

Horng Terng Automation 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 )
	=	207.166	/	( ( (1816.908 - 779.571)	+	(1737.642 - 654.268) )	/ 2 )
	=	207.166	/	( (1037.337	+	1083.374)	/ 2 )
	=	207.166	/	1060.3555
	=	19.54 %

Horng Terng Automation 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 )
	=	384.218	/	( ( (1737.642 - 654.268)	+	(1961.278 - 872.997) )	/ 2 )
	=	384.218	/	( ( 1083.374	+	1088.281 )	/ 2 )
	=	384.218	/	1085.8275
	=	35.38 %

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

Horng Terng Automation Co (ROCO:7751) 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.

Horng Terng Automation Co ROCE % Related Terms

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Horng Terng Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Horng Terng Automation Co Ltd (ROCO:7751) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Jingliu 6th Road, Nanzi Export Processing Zone, Nantze District, Kaohsiung, TWN, 81170

Website

https://www.hta.com.tw

Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. It focuses on the research and development of various semiconductor equipment to enhance industrial competitiveness, and provides customers with high-quality customized products and semiconductor equipment integration services.

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