Airoha Technology (TPE:6526) ROCE % : 20.18% (As of Sep. 2024)

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What is Airoha 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. Airoha Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 20.18%.

Airoha Technology ROCE % Historical Data

The historical data trend for Airoha 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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Airoha Technology ROCE % Chart

Airoha Technology Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.18

41.52

36.13

9.59

Airoha Technology Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															28.63	6.14	12.00	22.89	20.18

Airoha Technology ROCE % Calculation

Airoha 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 )
	=	1266.9	/	( ( (17072.847 - 7544.223)	+	(20045.711 - 3147.665) )	/ 2 )
	=	1266.9	/	( (9528.624	+	16898.046)	/ 2 )
	=	1266.9	/	13213.335
	=	9.59 %

Airoha Technology'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 )
	=	3923.528	/	( ( (23218.235 - 5563.823)	+	(26746.489 - 5512.018) )	/ 2 )
	=	3923.528	/	( ( 17654.412	+	21234.471 )	/ 2 )
	=	3923.528	/	19444.4415
	=	20.18 %

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

Airoha Technology (TPE:6526) 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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Airoha Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Airoha Technology Corp (TPE:6526) » Definitions » ROCE %

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Address

5th Floor, No. 6-5, Dusing Road, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.airoha.com

Airoha Technology Corp specializes in the research, development, design, production, manufacturing and marketing of wireless LAN chips, broadband communication chips, radio frequency and mixing integrated circuits (ICs), multimedia ICs, computer peripherals-oriented ICs, high-end consumer-oriented ICs and other ICs.

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