Taiwan Asia Semiconductor (TPE:2340) ROCE % : -0.91% (As of Mar. 2024)

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What is Taiwan Asia Semiconductor 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. Taiwan Asia Semiconductor's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.91%.

Taiwan Asia Semiconductor ROCE % Historical Data

The historical data trend for Taiwan Asia Semiconductor'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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Taiwan Asia Semiconductor ROCE % Chart

Taiwan Asia Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.84

7.39

10.84

4.79

3.28

Taiwan Asia Semiconductor Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															3.10	6.00	6.44	-1.75	-0.91

Taiwan Asia Semiconductor ROCE % Calculation

Taiwan Asia Semiconductor'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 )
	=	319.955	/	( ( (10554.807 - 1528.754)	+	(12491.929 - 1987.519) )	/ 2 )
	=	319.955	/	( (9026.053	+	10504.41)	/ 2 )
	=	319.955	/	9765.2315
	=	3.28 %

Taiwan Asia Semiconductor's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-100.796	/	( ( (12491.929 - 1987.519)	+	(13410.319 - 1829.562) )	/ 2 )
	=	-100.796	/	( ( 10504.41	+	11580.757 )	/ 2 )
	=	-100.796	/	11042.5835
	=	-0.91 %

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

Taiwan Asia Semiconductor (TPE:2340) 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.

Taiwan Asia Semiconductor ROCE % Related Terms

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Taiwan Asia Semiconductor (TPE:2340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taiwan Asia Semiconductor Corp (TPE:2340) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Li-Hsin 5th Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.tascsemi.com

Taiwan Asia Semiconductor Corp is engaged in the manufacture and sales of semiconductor components as well as research and development, design, manufacture, and sales of systems products. Its products consist of visible light-emitting diode chips, photodiodes, phototransistors, photo-sensing controllable thyristors, Zener diode chips, resistor chips, infrared radiation chips, colored light, IR LED, vertical-cavity surface-emitting lasers, light-emitting diode displays, automotive lighting, among others. Its segment consists of LED and silicon vendor chips group, Displays and lighting group, and Packaging business group.

Taiwan Asia Semiconductor (TPE:2340) Headlines

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