Ya Horng Electronic Co (TPE:6201) ROCE % : 19.77% (As of Sep. 2024)

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What is Ya Horng 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. Ya Horng Electronic Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 19.77%.

Ya Horng Electronic Co ROCE % Historical Data

The historical data trend for Ya Horng 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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Ya Horng Electronic Co ROCE % Chart

Ya Horng Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.76

14.26

14.25

14.46

18.47

Ya Horng 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															25.93	18.31	10.54	22.04	19.77

Ya Horng Electronic Co ROCE % Calculation

Ya Horng 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 )
	=	513.731	/	( ( (3411.534 - 707.84)	+	(3701.889 - 843.143) )	/ 2 )
	=	513.731	/	( (2703.694	+	2858.746)	/ 2 )
	=	513.731	/	2781.22
	=	18.47 %

Ya Horng 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 )
	=	549.588	/	( ( (3917.246 - 1199.646)	+	(3574.175 - 732.601) )	/ 2 )
	=	549.588	/	( ( 2717.6	+	2841.574 )	/ 2 )
	=	549.588	/	2779.587
	=	19.77 %

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

Ya Horng Electronic Co (TPE:6201) 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.

Ya Horng Electronic Co ROCE % Related Terms

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Ya Horng Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ya Horng Electronic Co Ltd (TPE:6201) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.35 Shalun, Anding Dist. Zhongsha Village, Tainan City, TWN, 745002

Website

https://www.yahorng.com

Ya Horng Electronic Co Ltd is a Taiwan-based electronic components manufacturing company. It is engaged in the production and sales of household appliances. Its products include electronic audio products, small household electrical appliances, health care products, and etc.

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