AP Memory Technology (TPE:6531) ROCE % : 16.99% (As of Mar. 2024)

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What is AP Memory 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. AP Memory Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.99%.

AP Memory Technology ROCE % Historical Data

The historical data trend for AP Memory 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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AP Memory Technology ROCE % Chart

AP Memory Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-13.97

34.31

62.85

30.83

14.44

AP Memory 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															4.63	18.26	24.20	13.68	16.99

AP Memory Technology ROCE % Calculation

AP Memory 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 )
	=	1620.725	/	( ( (11691.311 - 672.49)	+	(12513.591 - 1088.279) )	/ 2 )
	=	1620.725	/	( (11018.821	+	11425.312)	/ 2 )
	=	1620.725	/	11222.0665
	=	14.44 %

AP Memory 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 )
	=	1881.6	/	( ( (12513.591 - 1088.279)	+	(12808.071 - 2084.963) )	/ 2 )
	=	1881.6	/	( ( 11425.312	+	10723.108 )	/ 2 )
	=	1881.6	/	11074.21
	=	16.99 %

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

AP Memory Technology (TPE:6531) 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.

AP Memory Technology ROCE % Related Terms

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AP Memory Technology (TPE:6531) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AP Memory Technology Corp (TPE:6531) » Definitions » ROCE %

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N/A

Address

No. 1, Taiyuan 1st Street, 10th Floor-1, Hsinchu County, Zhubei, TWN, 30288

Website

https://www.apmemory.com

AP Memory Technology Corp is a memory IC design company. The company is engaged in manufacturing and developing mobile DRAM based specialty memory products for mobile, wearable, and Internet of Things devices. Its products include PSRAM and IOT RAM, Low power DRAM, and applications include Internet of things, connectives and mobile.

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