Clevo Co (TPE:2362) ROCE % : 6.24% (As of Mar. 2024)

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What is Clevo 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. Clevo Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.24%.

Clevo Co ROCE % Historical Data

The historical data trend for Clevo 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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Clevo Co ROCE % Chart

Clevo Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.32

2.06

3.75

2.10

2.50

Clevo Co 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															3.90	2.94	3.02	0.07	6.24

Clevo Co ROCE % Calculation

Clevo Co'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 )
	=	1935.987	/	( ( (94167.059 - 16114.574)	+	(94425.201 - 17506.055) )	/ 2 )
	=	1935.987	/	( (78052.485	+	76919.146)	/ 2 )
	=	1935.987	/	77485.8155
	=	2.50 %

Clevo Co'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 )
	=	4858.256	/	( ( (94425.201 - 17506.055)	+	(99772.512 - 21062.29) )	/ 2 )
	=	4858.256	/	( ( 76919.146	+	78710.222 )	/ 2 )
	=	4858.256	/	77814.684
	=	6.24 %

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

Clevo Co (TPE:2362) 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.

Clevo Co ROCE % Related Terms

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Clevo Co (TPE:2362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Clevo Co (TPE:2362) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

35th Floor, No. 555, Siyuan Road, Xinzhuang District, New Taipei City, TWN, 242034

Website

https://www.clevo.com.tw

Clevo Co is a Taiwan-based company that operates in two reportable segments: Computer and Buy-now plaza. The Computer segment works in manufacturing laptop computers for use in consumer, commercial, medical, and industrial applications. Its business is organized based on product line: Gaming, Entertainment, Essential, Productivity, and Film Art Technology. The Buy-now plaza segment refers the company's leasing and property development/management business. The majority of the company's revenue comes from the computer segment. Clevo has manufacturing facilities in China and Taiwan and service centers in Germany, Great Britain, China, Taiwan, South Korea, and the United States. The majority of the firm's revenue is generated in the Asia-Pacific region.

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