Para Light Electronics Co (TPE:6226) ROCE % : -1.14% (As of Dec. 2024)

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What is Para Light Electronics 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. Para Light Electronics Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -1.14%.

Para Light Electronics Co ROCE % Historical Data

The historical data trend for Para Light Electronics 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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Para Light Electronics Co ROCE % Chart

Para Light Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-2.21

0.38

1.80

-3.54

-1.64

Para Light Electronics Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-0.60	-0.15	-1.37	-3.90	-1.14

Para Light Electronics Co ROCE % Calculation

Para Light Electronics Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-28.156	/	( ( (2339.413 - 639.478)	+	(2335.501 - 598.708) )	/ 2 )
	=	-28.156	/	( (1699.935	+	1736.793)	/ 2 )
	=	-28.156	/	1718.364
	=	-1.64 %

Para Light Electronics Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-19.848	/	( ( (2390.274 - 658.255)	+	(2335.501 - 598.708) )	/ 2 )
	=	-19.848	/	( ( 1732.019	+	1736.793 )	/ 2 )
	=	-19.848	/	1734.406
	=	-1.14 %

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

Para Light Electronics Co (TPE:6226) 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.

Para Light Electronics Co ROCE % Related Terms

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Para Light Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Para Light Electronics Co Ltd (TPE:6226) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jiankang Road, Zhonghe District, 11th floor, New Taipei City, TWN, 23586

Website

https://www.para.com.tw/en

Para Light Electronics Co Ltd manufactures and processing and sale of various LEDs and LED displays as well as real estate development. Its product line consists of light-emitting diodes lamps, LED seven segment displays, dot matrix displays, LED light bars, SMD LEDs, etc.

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