Prime Electronics &tellitics (TPE:6152) ROCE % : -8.49% (As of Mar. 2024)

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What is Prime Electronics &tellitics 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. Prime Electronics &tellitics's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.49%.

Prime Electronics &tellitics ROCE % Historical Data

The historical data trend for Prime Electronics &tellitics'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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Prime Electronics &tellitics ROCE % Chart

Prime Electronics &tellitics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.67

2.48

1.55

9.94

-0.65

Prime Electronics &tellitics 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															-9.33	2.73	5.76	-1.77	-8.49

Prime Electronics &tellitics ROCE % Calculation

Prime Electronics &tellitics'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 )
	=	-10.733	/	( ( (3169.359 - 1552.541)	+	(2779.153 - 1114.19) )	/ 2 )
	=	-10.733	/	( (1616.818	+	1664.963)	/ 2 )
	=	-10.733	/	1640.8905
	=	-0.65 %

Prime Electronics &tellitics'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 )
	=	-139.212	/	( ( (2779.153 - 1114.19)	+	(2822.942 - 1209.192) )	/ 2 )
	=	-139.212	/	( ( 1664.963	+	1613.75 )	/ 2 )
	=	-139.212	/	1639.3565
	=	-8.49 %

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

Prime Electronics &tellitics (TPE:6152) 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.

Prime Electronics &tellitics ROCE % Related Terms

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Prime Electronics &tellitics (TPE:6152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Prime Electronics & Satellitics Inc (TPE:6152) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Tung-Yuan Rd., Chung-Li Industrial Park, Chung-Li City, TWN, 32063

Website

http://www.pesi.com.tw

Prime Electronics & Satellitics Inc is a Taiwan-based company engaged in developing and manufacturing advanced digital satellite communication and wireless consumer electronic products, such as wired and wireless equipment as well as telecom control RF equipment.

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