Vactronics Technologies (TPE:6742) ROCE % : -0.28% (As of Sep. 2024)

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What is Vactronics Technologies 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. Vactronics Technologies's annualized ROCE % for the quarter that ended in Sep. 2024 was -0.28%.

Vactronics Technologies ROCE % Historical Data

The historical data trend for Vactronics Technologies'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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Vactronics Technologies ROCE % Chart

Vactronics Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.22

0.52

4.32

29.55

2.04

Vactronics Technologies Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														2.42	-3.07	1.95	5.47	-0.28

Vactronics Technologies ROCE % Calculation

Vactronics Technologies'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 )
	=	30.652	/	( ( (1845.949 - 468.926)	+	(1967.16 - 340.176) )	/ 2 )
	=	30.652	/	( (1377.023	+	1626.984)	/ 2 )
	=	30.652	/	1502.0035
	=	2.04 %

Vactronics Technologies'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 )
	=	-4.304	/	( ( (1952.198 - 416.505)	+	(1865.108 - 351.34) )	/ 2 )
	=	-4.304	/	( ( 1535.693	+	1513.768 )	/ 2 )
	=	-4.304	/	1524.7305
	=	-0.28 %

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

Vactronics Technologies (TPE:6742) 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.

Vactronics Technologies ROCE % Related Terms

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Vactronics Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Vactronics Technologies Inc (TPE:6742) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No. 330, Hexing Road, Miaoli County, Zhunan, TWN, 35048

Website

https://www.vactronics.com.tw

Vactronics Technologies Inc is engaged in the development, production, and sales of an optical low-pass filter (OLPF) and optical coating. Some of its products include Blue Glass; AS(Anti-smudge); AF(Anti Fingerprint); AG(Anti-glare); AR(Anti-reflection); Cr Black Matrix and others.

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