RichWave Technology (TPE:4968) ROCE % : 6.38% (As of Mar. 2024)

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What is RichWave Technology 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. RichWave Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.38%.

RichWave Technology ROCE % Historical Data

The historical data trend for RichWave Technology'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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RichWave Technology ROCE % Chart

RichWave Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.08

56.67

22.78

2.59

-11.04

RichWave Technology 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															-16.65	-10.70	-8.78	-7.13	6.38

RichWave Technology ROCE % Calculation

RichWave Technology'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 )
	=	-271.867	/	( ( (3447.994 - 771.831)	+	(3176.334 - 927.758) )	/ 2 )
	=	-271.867	/	( (2676.163	+	2248.576)	/ 2 )
	=	-271.867	/	2462.3695
	=	-11.04 %

RichWave Technology'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 )
	=	145.64	/	( ( (3176.334 - 927.758)	+	(3331.97 - 1017.954) )	/ 2 )
	=	145.64	/	( ( 2248.576	+	2314.016 )	/ 2 )
	=	145.64	/	2281.296
	=	6.38 %

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

RichWave Technology (TPE:4968) 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.

RichWave Technology ROCE % Related Terms

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RichWave Technology (TPE:4968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » RichWave Technology Corp (TPE:4968) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

Tiding Boulevard, 3rd Floor, No. 1, Alley 20, Lane 407, Section 2, Taipei, TWN, 114

Website

https://www.richwave.com.tw

RichWave Technology Corp is a fabless IC design company. The company is engaged in the design, integration, and manufacturing of RF ICs for wireless communication products. Its product includes a front-end module, power amplifier, switch, and GPS LNA. Its products are used in networking, mobile phones, broadcasting, surveillance, and automotive rearview applications.

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