Kaimei Electronic (TPE:2375) ROCE % : 6.21% (As of Sep. 2024)

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What is Kaimei Electronic 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. Kaimei Electronic's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.21%.

Kaimei Electronic ROCE % Historical Data

The historical data trend for Kaimei Electronic'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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Kaimei Electronic ROCE % Chart

Kaimei Electronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.81

11.04

14.23

9.03

5.56

Kaimei Electronic Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															8.33	0.52	5.47	11.89	6.21

Kaimei Electronic ROCE % Calculation

Kaimei Electronic'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 )
	=	535.301	/	( ( (18930.732 - 9176.778)	+	(14237.18 - 4746.921) )	/ 2 )
	=	535.301	/	( (9753.954	+	9490.259)	/ 2 )
	=	535.301	/	9622.1065
	=	5.56 %

Kaimei Electronic'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 )
	=	617.432	/	( ( (14902.08 - 5041.259)	+	(14764.35 - 4736.647) )	/ 2 )
	=	617.432	/	( ( 9860.821	+	10027.703 )	/ 2 )
	=	617.432	/	9944.262
	=	6.21 %

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

Kaimei Electronic (TPE:2375) 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.

Kaimei Electronic ROCE % Related Terms

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Kaimei Electronic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kaimei Electronic Corp (TPE:2375) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 1, Xintai 5th Road, 13th Floor, No. 81, Xizhi District, New Taipei City, TWN, 22101

Website

https://jamicon.teapo.com

Kaimei Electronic Corp manufactures and distributes capacitors. The company provides electrolytic capacitors, plastic film capacitors, and chip capacitors that are used as components for general telecommunication products, and consumer products, among others. The company has two reportable segments namely: capacitor and fan department and Resistor department. Geographically, the company operates in Hong Kong and China, which derives maximum revenue; Taiwan and other Asia Pacific regions; Europe; Americas and Others.

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