Powertech Technology (TPE:6239) ROCE % : 11.98% (As of Mar. 2024)

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What is Powertech Technology 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. Powertech Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.98%.

Powertech Technology ROCE % Historical Data

The historical data trend for Powertech Technology'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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Powertech Technology ROCE % Chart

Powertech Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.31

11.95

15.96

14.28

12.75

Powertech Technology 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															7.36	9.63	11.46	23.64	11.98

Powertech Technology ROCE % Calculation

Powertech Technology'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 )
	=	12369.908	/	( ( (118969.138 - 19614.752)	+	(111154.565 - 16508.127) )	/ 2 )
	=	12369.908	/	( (99354.386	+	94646.438)	/ 2 )
	=	12369.908	/	97000.412
	=	12.75 %

Powertech Technology'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 )
	=	11168.264	/	( ( (111154.565 - 16508.127)	+	(109227.94 - 17454.778) )	/ 2 )
	=	11168.264	/	( ( 94646.438	+	91773.162 )	/ 2 )
	=	11168.264	/	93209.8
	=	11.98 %

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

Powertech Technology (TPE:6239) 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.

Powertech Technology ROCE % Related Terms

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Powertech Technology (TPE:6239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Powertech Technology Inc (TPE:6239) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10, Datong Road, HuKou, Hsinchu Industrial Park, Hsinchu, TWN, 30352

Website

https://www.pti.com.tw

Powertech Technology Inc is mainly engaged in the manufacturing, packaging, testing, researching and developing, designing, assembling and selling of various integrated circuit products. PTI also provides semiconductor testing and assembly services on a turnkey basis, in which PTI buys fabricated wafers and sells tested and assembled semiconductors. Geographically, the majority of revenue is derived from Japan & Taiwan. The company serves international customers with services including chip bumping, chip probing, IC assembly, final testing, burn-in, and system-level assembly.

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