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Taiwan Oasis Technology Co (ROCO:3066) ROIC % : -5.68% (As of Dec. 2024)


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What is Taiwan Oasis Technology Co ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Taiwan Oasis Technology Co's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2024 was -5.68%.

As of today (2025-03-30), Taiwan Oasis Technology Co's WACC % is 1.86%. Taiwan Oasis Technology Co's ROIC % is -5.57% (calculated using TTM income statement data). Taiwan Oasis Technology Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Taiwan Oasis Technology Co ROIC % Historical Data

The historical data trend for Taiwan Oasis Technology Co's ROIC % 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.

* Premium members only.

Taiwan Oasis Technology Co ROIC % Chart

Taiwan Oasis Technology Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.90 1.27 -9.62 -10.61 -5.59

Taiwan Oasis Technology Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
ROIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.46 -7.29 -6.67 -3.38 -5.68

Competitive Comparison of Taiwan Oasis Technology Co's ROIC %

For the Electronic Components subindustry, Taiwan Oasis Technology Co's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Taiwan Oasis Technology Co's ROIC % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Taiwan Oasis Technology Co's ROIC % distribution charts can be found below:

* The bar in red indicates where Taiwan Oasis Technology Co's ROIC % falls into.


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Taiwan Oasis Technology Co ROIC % Calculation

Taiwan Oasis Technology Co's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2024 is calculated as:

ROIC % (A: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2023 ) + Invested Capital (A: Dec. 2024 ))/ count )
=-77.519 * ( 1 - 4.79% )/( (1249.722 + 1390.268)/ 2 )
=-73.8058399/1319.995
=-5.59 %

where

Invested Capital(A: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1557.246 - 89.439 - ( 425.78 - max(0, 314.58 - 532.665+425.78))
=1249.722

Invested Capital(A: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1773.76 - 64.244 - ( 637.615 - max(0, 418.98 - 738.228+637.615))
=1390.268

Taiwan Oasis Technology Co's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2024 is calculated as:

ROIC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2024 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=-78.58 * ( 1 - -0.58% )/( (1391.855 + 1390.268)/ 2 )
=-79.035764/1391.0615
=-5.68 %

where

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1782.132 - 72.897 - ( 612.334 - max(0, 402.145 - 719.525+612.334))
=1391.855

Invested Capital(Q: Dec. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1773.76 - 64.244 - ( 637.615 - max(0, 418.98 - 738.228+637.615))
=1390.268

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

* 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.


Taiwan Oasis Technology Co  (ROCO:3066) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Taiwan Oasis Technology Co's WACC % is 1.86%. Taiwan Oasis Technology Co's ROIC % is -5.57% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Taiwan Oasis Technology Co ROIC % Related Terms

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Taiwan Oasis Technology Co Business Description

Traded in Other Exchanges
N/A
Address
No. 97, Xintai 5th Road, 27th Floor, Section 1, Xizhi District, New Taipei City, TWN
Taiwan Oasis Technology Co Ltd is a Company whose main businesses are import and export trading, processing, manufacturing plastic products, raw materials, large and small hardware mechanical building materials, electronic components, materials for electrical appliances, and all types of LED products. The company's revenue comes from sources such as revenue from sales of products mainly comes from the manufacturing and sales of all types of LED and semiconductor chips, and The rendering revenue mainly comes from the service of a raw material purchase on behalf of customers.

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