UMC Electronics Co (STU:UM3) ROCE % : -11.01% (As of Sep. 2024)

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What is UMC Electronics 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. UMC Electronics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -11.01%.

UMC Electronics Co ROCE % Historical Data

The historical data trend for UMC Electronics 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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UMC Electronics Co ROCE % Chart

UMC Electronics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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-64.60

5.42

9.99

6.08

5.63

UMC Electronics Co 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															1.39	17.29	10.44	-11.01	17.08

UMC Electronics Co ROCE % Calculation

UMC Electronics Co's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	11.864	/	( ( (592.448 - 374.923)	+	(485.212 - 281.026) )	/ 2 )
	=	11.864	/	( (217.525	+	204.186)	/ 2 )
	=	11.864	/	210.8555
	=	5.63 %

UMC Electronics Co'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 )
	=	-21.38	/	( ( (491.812 - 294.536)	+	(489.092 - 297.879) )	/ 2 )
	=	-21.38	/	( ( 197.276	+	191.213 )	/ 2 )
	=	-21.38	/	194.2445
	=	-11.01 %

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

UMC Electronics Co (STU:UM3) 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.

UMC Electronics Co ROCE % Related Terms

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UMC Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » UMC Electronics Co Ltd (STU:UM3) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

6615:Japan

Address

721 Kawarabuki, Ageo, Saitama, JPN, 362-0022

Website

http://www.umc.co.jp

UMC Electronics Co Ltd manufactures electronics and electronic components. The company develops antennas, active tags and readers, devices for fingerprint authentication systems, IC card reader/writer-related devices contact and non-contact type, monitoring alarm for vehicle abnormalities, PHS terminals, pachinko amusement/pinball, game pachinko/pinball game control units, devices related to credit/debit cards, handy terminals, and original reader/writer core units.

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