Co-Tech Development (ROCO:8358) ROCE % : 15.53% (As of Dec. 2024)

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What is Co-Tech Development 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. Co-Tech Development's annualized ROCE % for the quarter that ended in Dec. 2024 was 15.53%.

Co-Tech Development ROCE % Historical Data

The historical data trend for Co-Tech Development'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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Co-Tech Development ROCE % Chart

Co-Tech Development Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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12.61

32.74

19.16

11.15

18.78

Co-Tech Development Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															15.20	17.75	24.09	18.36	15.53

Co-Tech Development ROCE % Calculation

Co-Tech Development's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1183.114	/	( ( (7906.595 - 1867.809)	+	(8780.455 - 2221.418) )	/ 2 )
	=	1183.114	/	( (6038.786	+	6559.037)	/ 2 )
	=	1183.114	/	6298.9115
	=	18.78 %

Co-Tech Development's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	1004.14	/	( ( (8746.794 - 2377.861)	+	(8780.455 - 2221.418) )	/ 2 )
	=	1004.14	/	( ( 6368.933	+	6559.037 )	/ 2 )
	=	1004.14	/	6463.985
	=	15.53 %

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

Co-Tech Development (ROCO:8358) 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.

Co-Tech Development ROCE % Related Terms

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Co-Tech Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Co-Tech Development Corp (ROCO:8358) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 392, Ruiguang Road, 18th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.co-tech.com

Co-Tech Development Corp is engaged in manufacturing and selling standard, low-profile, and high-performance series of copper foil products to supply to the printed circuit board industry. It operates in two principal geographical areas Taiwan and China.

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