Elite Material Co (TPE:2383) ROCE %: 47.17% (As of Mar. 2026)

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TPE:2383 Elite Material Co Ltd TPE:2383
74 GF Score
Price NT$4,755.00
GF Value NT$1,410.83
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Elite Material Co ROCE %?

Elite Material Co TPE:2383 -6.67% 74 ROCE % is 47.17% as of Mar. 2026. GuruFocus rates TPE:2383 with a GF Score™ of 74/100 and a GF Value™ of NT$1,410.83 (Significantly Overvalued). The stock has 2 warning signs investors should review.

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. 2026 was 47.17%.

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

Elite Material Co ROCE % Historical Data

* Premium members only.

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.

Elite Material Co ROCE % Chart

Elite Material Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.66 26.08 26.69 33.03 35.98

Elite Material Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.05 38.53 40.72 32.56 47.17
TPE:2383
74GF Score
Elite Material Co Ltd TPE:2383
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Elite Material Co ROCE % Calculation

Elite Material Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=19352.014/( ( (76079.836 - 30181.993) + (107912.536 - 46230.74) )/ 2 )
=19352.014/( (45897.843+61681.796)/ 2 )
=19352.014/53789.8195
=35.98 %

Elite Material Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=29317.584/( ( (107912.536 - 46230.74) + (130976.723 - 68350.963) )/ 2 )
=29317.584/( ( 61681.796 + 62625.76 )/ 2 )
=29317.584/62153.778
=47.17 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 47.17% mean?
Elite Material Co (TPE:2383) has a ROCE % of 47.17% as of Mar. 2026.
Is Elite Material Co's ROCE % too high?
Elite Material Co's current ROCE % is 47.17%. The Hardware industry median ROCE % is 5.89. Elite Material Co's value of 47.17% is 701.5% above this industry median. Overall, Elite Material Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elite Material Co's ROCE % compare to APH and GLW?
Elite Material Co's ROCE % of 47.17% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.89. Elite Material Co's value of 47.17% is 701.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.89, based on 2,452 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elite Material Co's current ROCE % of 47.17% is 701.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elite Material Co's current ROCE % is 47.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elite Material Co stock overvalued right now?
Based on GuruFocus' analysis, Elite Material Co (TPE:2383) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,410.83, compared to a current price of NT$4,755.00 — trading 237% above its estimated fair value. The current ROCE % is 47.17% and 701.5% above the Hardware industry median of 5.89. Elite Material Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Elite Material Co (TPE:2383), the current ROCE % is 47.17% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Elite Material Co (TPE:2383) Overvalued in 2026?

Based on GuruFocus' analysis, Elite Material Co stock appears to be overvalued. The current stock price of NT$4,755.00 is trading 237% above its estimated GF Value™ of NT$1,410.83. GuruFocus considers Elite Material Co to be Significantly Overvalued.

Key valuation signals for TPE:2383:

  • ROCE %: 47.17%
  • GF Value™: NT$1,410.83 vs. price of NT$4,755.00 (237% above fair value)
  • GF Score™: 74/100 with 2 warning signs
  • Industry Position: 701.5% above the Hardware median

No single metric tells the full story. See the TPE:2383 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Elite Material Co Business Description

Address No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328
Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals, raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: the domestic segment produces and sells various types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components; the Foreign segment produces and sells prepreg for printed circuit boards and copper-clad laminates; and the Other segment includes investment and product exchange business. Geographically, it operates in Taiwan, China, and Other countries.
74GF Score

Get the complete analysis for TPE:2383

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$4,755.00
Price
NT$1,410.83
GF Value