Aces Electronic Co (TPE:3605) ROCE % : 8.26% (As of Sep. 2024)

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What is Aces Electronic 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. Aces Electronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 8.26%.

Aces Electronic Co ROCE % Historical Data

The historical data trend for Aces Electronic 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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Aces Electronic Co ROCE % Chart

Aces Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.85

5.73

8.52

5.07

-2.14

Aces Electronic 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															3.27	-3.67	1.04	5.43	8.26

Aces Electronic Co ROCE % Calculation

Aces Electronic 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 )
	=	-160.967	/	( ( (12840.376 - 5392.056)	+	(12250.889 - 4663.735) )	/ 2 )
	=	-160.967	/	( (7448.32	+	7587.154)	/ 2 )
	=	-160.967	/	7517.737
	=	-2.14 %

Aces Electronic 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 )
	=	721.772	/	( ( (12721.185 - 4774.523)	+	(13342.479 - 3808.126) )	/ 2 )
	=	721.772	/	( ( 7946.662	+	9534.353 )	/ 2 )
	=	721.772	/	8740.5075
	=	8.26 %

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

Aces Electronic Co (TPE:3605) 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.

Aces Electronic Co ROCE % Related Terms

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Aces Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aces Electronic Co Ltd (TPE:3605) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.13, Dongyuan Road, Jhongli District, Taoyuan, TWN, 32063

Website

https://www.acesconn.com

Aces Electronic Co Ltd is engaged in the electronic components business sector. It is mainly engaged in processing, manufacturing, and selling connectors, connector cable sets, metal stamping parts, and other electronic components. Its segments include Connectors which derives key revenue, Cables, Metal stamping, and others. Geographically, the majority of the company's revenue is generated from China and the rest from Taiwan, Philippines, the United States of America, and other countries.

Aces Electronic Co Headlines

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