Everlight Electronics Co (TPE:2393) ROCE % : 23.34% (As of Dec. 2024)

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What is Everlight Electronics 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. Everlight Electronics Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 23.34%.

Everlight Electronics Co ROCE % Historical Data

The historical data trend for Everlight Electronics 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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Everlight Electronics Co ROCE % Chart

Everlight Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.15

13.61

9.15

10.38

19.25

Everlight Electronics Co 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															4.27	18.56	21.09	14.40	23.34

Everlight Electronics Co ROCE % Calculation

Everlight Electronics Co'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 )
	=	4009.296	/	( ( (26120.802 - 6292.24)	+	(29779.78 - 7957.576) )	/ 2 )
	=	4009.296	/	( (19828.562	+	21822.204)	/ 2 )
	=	4009.296	/	20825.383
	=	19.25 %

Everlight Electronics Co'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 )
	=	4980.98	/	( ( (28534.827 - 7677.403)	+	(29779.78 - 7957.576) )	/ 2 )
	=	4980.98	/	( ( 20857.424	+	21822.204 )	/ 2 )
	=	4980.98	/	21339.814
	=	23.34 %

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

Everlight Electronics Co (TPE:2393) 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.

Everlight Electronics Co ROCE % Related Terms

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Everlight Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Everlight Electronics Co Ltd (TPE:2393) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6-8, Zhonghua Road, Shulin District, New Taipei City, TWN

Website

https://www.everlight.com

Everlight Electronics Co Ltd develops, manufactures, and distributes optoelectronic products. The company's reportable segments are LED, LCD, and illumination. The majority of its revenue derives from the LED segment which engaged in the manufacture and sale of LEDs. Geographically, the company's maximum revenue comes from Asia, and it also has a presence in Europe and other regions.

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