Thinking Electronic Industrial Co (TPE:2428) ROCE % : 16.10% (As of Sep. 2024)

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What is Thinking Electronic Industrial 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. Thinking Electronic Industrial Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 16.10%.

Thinking Electronic Industrial Co ROCE % Historical Data

The historical data trend for Thinking Electronic Industrial 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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Thinking Electronic Industrial Co ROCE % Chart

Thinking Electronic Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.09

22.78

22.45

16.63

14.82

Thinking Electronic Industrial Co 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															15.23	15.71	14.30	19.29	16.10

Thinking Electronic Industrial Co ROCE % Calculation

Thinking Electronic Industrial 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 )
	=	1739.385	/	( ( (13757.816 - 2299.113)	+	(13649.829 - 1638.848) )	/ 2 )
	=	1739.385	/	( (11458.703	+	12010.981)	/ 2 )
	=	1739.385	/	11734.842
	=	14.82 %

Thinking Electronic Industrial Co'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 )
	=	2033.736	/	( ( (15736.804 - 3219.225)	+	(16018.812 - 3279.087) )	/ 2 )
	=	2033.736	/	( ( 12517.579	+	12739.725 )	/ 2 )
	=	2033.736	/	12628.652
	=	16.10 %

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

Thinking Electronic Industrial Co (TPE:2428) 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.

Thinking Electronic Industrial Co ROCE % Related Terms

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Thinking Electronic Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Thinking Electronic Industrial Co Ltd (TPE:2428) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th Floor, No.93, Dashun 1st Road, Zuoying District, Kaohsiung, TWN, 81357

Website

https://www.thinking.com.tw

Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. The product portfolio offers a negative temperature coefficient thermistor, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes. The company has five reportable segments which include Thinking Electronic Industrial, Yenyo, Thinking Changzhou, Guangdong, and Dongguan Welkin. It generates the majority of the revenue from Thinking Electronic Industrial segment.

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