Systex (TPE:6214) ROCE % : 7.95% (As of Dec. 2023)

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What is Systex 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. Systex's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.95%.

Systex ROCE % Historical Data

The historical data trend for Systex'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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Systex ROCE % Chart

Systex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.21

13.31

9.50

8.34

11.06

Systex Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.78	13.23	12.66	10.29	7.95

Systex ROCE % Calculation

Systex'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 )
	=	2011.526	/	( ( (29899.743 - 11856.329)	+	(30596.712 - 12273.027) )	/ 2 )
	=	2011.526	/	( (18043.414	+	18323.685)	/ 2 )
	=	2011.526	/	18183.5495
	=	11.06 %

Systex's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	1454.784	/	( ( (29236.227 - 10943.636)	+	(30596.712 - 12273.027) )	/ 2 )
	=	1454.784	/	( ( 18292.591	+	18323.685 )	/ 2 )
	=	1454.784	/	18308.138
	=	7.95 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Systex (TPE:6214) 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.

Systex ROCE % Related Terms

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Systex (TPE:6214) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Systex Corp (TPE:6214) » Definitions » ROCE %

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N/A

Address

318 Rueiguang Road, Neihu District, Taiepi, TWN, 114

Website

https://tw.systex.com

Systex Corp is a Taiwan-based provider of software and hardware solutions and outsourcing services. The firm's operations are organized into the following segments: Financial Business integration, which provides digital financial technologies and solutions; Technological Business Integration, which provides data technology and customer analytics; Outsourcing Business Integration, which provides IT maintenance; Commercial Software Business Unit, which engages in software procurement services; and the Knowledge Product Business Unit, which provides customers with IT training. The majority of the company's revenue comes from Taiwan.

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