Elite Material Co (TPE:2383) ROCE % : 37.43% (As of Mar. 2024)

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What is Elite Material 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. Elite Material Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 37.43%.

Elite Material Co ROCE % Historical Data

The historical data trend for Elite Material 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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Elite Material Co ROCE % Chart

Elite Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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19.99

28.20

29.17

34.66

26.08

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															23.88	12.11	26.12	38.89	37.43

Elite Material Co ROCE % Calculation

Elite Material Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	6480.178	/	( ( (36565.061 - 14485.232)	+	(43382.487 - 15760.024) )	/ 2 )
	=	6480.178	/	( (22079.829	+	27622.463)	/ 2 )
	=	6480.178	/	24851.146
	=	26.08 %

Elite Material 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	10859.172	/	( ( (51912.736 - 23338.049)	+	(59277.098 - 29829.734) )	/ 2 )
	=	10859.172	/	( ( 28574.687	+	29447.364 )	/ 2 )
	=	10859.172	/	29011.0255
	=	37.43 %

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

Elite Material Co (TPE:2383) 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.

Elite Material Co ROCE % Related Terms

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Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

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