WT Microelectronics Co (TPE:3036) ROCE % : 11.53% (As of Mar. 2024)

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What is WT Microelectronics 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. WT Microelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.53%.

WT Microelectronics Co ROCE % Historical Data

The historical data trend for WT Microelectronics 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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WT Microelectronics Co ROCE % Chart

WT Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.82

15.63

19.60

17.89

11.16

WT Microelectronics Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.07	12.68	14.39	10.30	11.53

WT Microelectronics Co ROCE % Calculation

WT Microelectronics 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 )
	=	9075.402	/	( ( (200202.17 - 124816.197)	+	(265184.972 - 177888.805) )	/ 2 )
	=	9075.402	/	( (75385.973	+	87296.167)	/ 2 )
	=	9075.402	/	81341.07
	=	11.16 %

WT Microelectronics 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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	11314.468	/	( ( (265184.972 - 177888.805)	+	(295477.33 - 186556.93) )	/ 2 )
	=	11314.468	/	( ( 87296.167	+	108920.4 )	/ 2 )
	=	11314.468	/	98108.2835
	=	11.53 %

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

WT Microelectronics Co (TPE:3036) 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.

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WT Microelectronics Co (TPE:3036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WT Microelectronics Co Ltd (TPE:3036) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

3036A.PFD:Taiwan

Address

No. 738, Zhongzheng Road, 235th Floor, Zhonghe District, New Taipei, TWN, 235

Website

https://www.wtmec.com

WT Microelectronics Co Ltd develops and sells electronic and communication components. Supply chain management services are offered to vendors and customers primarily in China, but the company does contract business from other Asia Pacific countries. The majority of revenue is derived from clients in the communication, computing, and consumer markets. The company depends on a host of marketing and sales channels to help deliver value-add technical support, explore component application opportunities, and facilitate product development timelines. WT Microelectronics aims to co-define the product marketing strategy with upstream vendors and reduce the research and development pipeline for downstream clients.

WT Microelectronics Co (TPE:3036) Headlines

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