Taimide Tech (TPE:3645) ROCE % : 4.04% (As of Mar. 2024)

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What is Taimide Tech 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. Taimide Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.04%.

Taimide Tech ROCE % Historical Data

The historical data trend for Taimide Tech'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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Taimide Tech ROCE % Chart

Taimide Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.43

10.40

9.58

3.64

-2.66

Taimide Tech 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															-8.75	-1.35	8.62	-8.32	4.04

Taimide Tech ROCE % Calculation

Taimide Tech'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 )
	=	-107.51	/	( ( (5211.377 - 708.943)	+	(4838.62 - 1249.326) )	/ 2 )
	=	-107.51	/	( (4502.434	+	3589.294)	/ 2 )
	=	-107.51	/	4045.864
	=	-2.66 %

Taimide Tech'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 )
	=	143.816	/	( ( (4838.62 - 1249.326)	+	(4818.817 - 1289.932) )	/ 2 )
	=	143.816	/	( ( 3589.294	+	3528.885 )	/ 2 )
	=	143.816	/	3559.0895
	=	4.04 %

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

Taimide Tech (TPE:3645) 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.

Taimide Tech ROCE % Related Terms

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Taimide Tech (TPE:3645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taimide Tech Inc (TPE:3645) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 127, Section 3, Wende Road, Xinpu Township, Hsinchu, TWN

Website

https://www.taimide.com.tw

Taimide Tech Inc is engaged in the research and development, manufacturing and sales of polyimide film (PI film) in Taiwan. It provides high modulus polyimide films, a low coefficient of thermal expansion polyimide films, and low dielectric constant polyimide films, among others.

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