Harmony Electronics (ROCO:8182) ROCE % : 5.42% (As of Sep. 2024)

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What is Harmony Electronics 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. Harmony Electronics's annualized ROCE % for the quarter that ended in Sep. 2024 was 5.42%.

Harmony Electronics ROCE % Historical Data

The historical data trend for Harmony Electronics'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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Harmony Electronics ROCE % Chart

Harmony Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.16

8.65

16.74

8.20

4.71

Harmony Electronics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.01	4.65	10.95	9.82	5.42

Harmony Electronics ROCE % Calculation

Harmony Electronics'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 )
	=	218.128	/	( ( (5889.852 - 1231.711)	+	(6202.103 - 1592.516) )	/ 2 )
	=	218.128	/	( (4658.141	+	4609.587)	/ 2 )
	=	218.128	/	4633.864
	=	4.71 %

Harmony Electronics's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	246.432	/	( ( (6110.623 - 1618.141)	+	(6084.231 - 1479.635) )	/ 2 )
	=	246.432	/	( ( 4492.482	+	4604.596 )	/ 2 )
	=	246.432	/	4548.539
	=	5.42 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Harmony Electronics (ROCO:8182) 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.

Harmony Electronics ROCE % Related Terms

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Harmony Electronics Business Description

Industry

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Address

No. 39, Huadong Road, Dafa Industrial Park, Daliao District, Kaohsiung, TWN, 831

Website

https://www.hele.com.tw

Harmony Electronics Corp is engaged in manufacturing, processing, trading, and import and export of quartz crystals, quartz oscillators, and wave filters. Its geographical regions include Taiwan which generates key revenue, Thailand, and China. The company product categories include Crystal, 2-in-1 Thermistor Crystal, Oscillator, MEMS Microphone, and others. Its application is used in Data Communication, Consumer, Industrial, and systems.

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