FitTech Co (TPE:6706) ROCE % : -25.35% (As of Dec. 2023)

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What is FitTech 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. FitTech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -25.35%.

FitTech Co ROCE % Historical Data

The historical data trend for FitTech 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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FitTech Co ROCE % Chart

FitTech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.75

13.97

30.91

23.58

-8.61

FitTech Co 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															0.43	-5.15	-2.84	-2.12	-25.35

FitTech Co ROCE % Calculation

FitTech Co'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 )
	=	-433.364	/	( ( (6839.804 - 1620.863)	+	(6451.53 - 1607.693) )	/ 2 )
	=	-433.364	/	( (5218.941	+	4843.837)	/ 2 )
	=	-433.364	/	5031.389
	=	-8.61 %

FitTech Co'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 )
	=	-1236.08	/	( ( (6520.948 - 1613.625)	+	(6451.53 - 1607.693) )	/ 2 )
	=	-1236.08	/	( ( 4907.323	+	4843.837 )	/ 2 )
	=	-1236.08	/	4875.58
	=	-25.35 %

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

FitTech Co (TPE:6706) 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.

FitTech Co ROCE % Related Terms

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FitTech Co (TPE:6706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FitTech Co Ltd (TPE:6706) » Definitions » ROCE %

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N/A

Address

No. 3, Gongyequ 35th Road, 1st Floor, Hsinchu Industrial Park, Xitun District, Taichung, TWN, 407

Website

https://www.fittech.com.tw

FitTech Co Ltd is a Taiwan based company mainly engaged in the development of optoelectronics like LED wafer spot measuring and laser integrated application systems. Products offered by the company include LED test system, laser micro processing system, laser metal processing system, semi-automatic laser cutting system, handheld laser welding machine, among others. The company products are used in optoelectronics and optics-related industries, electronic components, semiconductor, automotive, and manufacturing related industries. It also offers after sales services. It has a market presence in China, Japan, South Korea, and Malaysia.

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