Macnica Anstek (TPE:3528) ROCE % : 18.76% (As of Mar. 2024)

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What is Macnica Anstek 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. Macnica Anstek's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.76%.

Macnica Anstek ROCE % Historical Data

The historical data trend for Macnica Anstek'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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Macnica Anstek ROCE % Chart

Macnica Anstek Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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17.58

18.17

18.39

22.99

26.64

Macnica Anstek 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															27.00	24.78	20.68	1.14	18.76

Macnica Anstek ROCE % Calculation

Macnica Anstek'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 )
	=	516.513	/	( ( (5017.55 - 3135.801)	+	(6738.656 - 4742.622) )	/ 2 )
	=	516.513	/	( (1881.749	+	1996.034)	/ 2 )
	=	516.513	/	1938.8915
	=	26.64 %

Macnica Anstek'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 )
	=	335.784	/	( ( (6823.604 - 5031.417)	+	(6380.171 - 4591.741) )	/ 2 )
	=	335.784	/	( ( 1792.187	+	1788.43 )	/ 2 )
	=	335.784	/	1790.3085
	=	18.76 %

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

Macnica Anstek (TPE:3528) 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.

Macnica Anstek ROCE % Related Terms

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Macnica Anstek (TPE:3528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Macnica Anstek Inc (TPE:3528) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xintai 5th Road, Yuzhi District, 21st Floor, No. 75, Section 1, Hsichih, Taipei, TWN, 221

Website

https://www.anstek.com.tw

Answer Technology Co Ltd is engaged in import, export and trading of electronic components. The company supplies analogue and semiconductor devices, micro telecommunication technologies and equipment.

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