Kinko Optical Co (TPE:6209) ROCE % : -5.01% (As of Sep. 2024)

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What is Kinko Optical 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. Kinko Optical Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -5.01%.

Kinko Optical Co ROCE % Historical Data

The historical data trend for Kinko Optical 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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Kinko Optical Co ROCE % Chart

Kinko Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-2.84

-6.13

-5.85

1.29

-2.04

Kinko Optical 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															-1.98	-10.32	-2.25	-1.02	-5.01

Kinko Optical Co ROCE % Calculation

Kinko Optical 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 )
	=	-70.185	/	( ( (4578.744 - 815.056)	+	(4108.938 - 978.545) )	/ 2 )
	=	-70.185	/	( (3763.688	+	3130.393)	/ 2 )
	=	-70.185	/	3447.0405
	=	-2.04 %

Kinko Optical 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 )
	=	-150.408	/	( ( (4099.34 - 1059.199)	+	(3742.154 - 782.477) )	/ 2 )
	=	-150.408	/	( ( 3040.141	+	2959.677 )	/ 2 )
	=	-150.408	/	2999.909
	=	-5.01 %

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

Kinko Optical Co (TPE:6209) 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.

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Kinko Optical Co Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 91, Lane 562, Section 2 Gaang Nan Road, Wu Chi, Taichung, TWN

Website

http://www.kinko-optical.com

Kinko Optical Co Ltd is engaged in the design, production, and manufacturing of optical components and optical lens. Its product range consists of a digital single-lens reflex camera, mobile phone, gaming, surveillance, automotive, all kind of 3C applications, Internet of things, and near-infrared products. The main source of revenue of the Company is the revenue from the export of optical lenses and lenses, which are sold in various markets, including Mainland China and Southeast Asia.

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