Ritek (TPE:2349) ROCE % : 2.91% (As of Dec. 2024)

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What is Ritek 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. Ritek's annualized ROCE % for the quarter that ended in Dec. 2024 was 2.91%.

Ritek ROCE % Historical Data

The historical data trend for Ritek'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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Ritek ROCE % Chart

Ritek Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-3.64

0.82

1.14

0.07

3.33

Ritek 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															-2.71	3.72	2.74	4.22	2.91

Ritek ROCE % Calculation

Ritek'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 )
	=	466.563	/	( ( (18869.838 - 3686.254)	+	(17043.408 - 4167.47) )	/ 2 )
	=	466.563	/	( (15183.584	+	12875.938)	/ 2 )
	=	466.563	/	14029.761
	=	3.33 %

Ritek'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 )
	=	355.428	/	( ( (15494.865 - 3943.104)	+	(17043.408 - 4167.47) )	/ 2 )
	=	355.428	/	( ( 11551.761	+	12875.938 )	/ 2 )
	=	355.428	/	12213.8495
	=	2.91 %

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

Ritek (TPE:2349) 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.

Ritek ROCE % Related Terms

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Ritek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ritek Corp (TPE:2349) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 42, Kuangfu North Road, Hsinchu Industrial Park, Hukou Township, Hsinchu Country, Hsinchu, TWN, 30351

Website

https://www.ritek.com

Ritek Corp is a Taiwan-based company engaged in the manufacturing and processing of optical information products and memory products and related equipment (including peripheral products), as well as trading and import and export of materials under RIDATA, Traxdata, Arita, Imation, and other brands. Its reportable segments are; Storage media, OLED, and others. The majority of the company's revenue is generated from the Storage media segment which is engaged in the manufacturing, processing, and sales of optical discs and memory cards. Geographically, its key revenue is derived from Taiwan and the rest from Asia (excluding Taiwan), America, Europe, Africa, and other countries.

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