Wave Power Technology (ROCO:6895) ROCE % : 6.03% (As of Mar. 2024)

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What is Wave Power 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. Wave Power Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.03%.

Wave Power Technology ROCE % Historical Data

The historical data trend for Wave Power 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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Wave Power Technology ROCE % Chart

Wave Power Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

4.98

19.85

19.45

23.27

Wave Power Technology Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial							34.02	19.23	22.30	6.09	6.03

Wave Power Technology ROCE % Calculation

Wave Power Technology's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	142.803	/	( ( (675.763 - 80.456)	+	(751.416 - 119.417) )	/ 2 )
	=	142.803	/	( (595.307	+	631.999)	/ 2 )
	=	142.803	/	613.653
	=	23.27 %

Wave Power 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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	58.216	/	( ( (1088.283 - 103.401)	+	(1093.458 - 146.776) )	/ 2 )
	=	58.216	/	( ( 984.882	+	946.682 )	/ 2 )
	=	58.216	/	965.782
	=	6.03 %

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

Wave Power Technology (ROCO:6895) 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.

Wave Power Technology ROCE % Related Terms

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Wave Power Technology (ROCO:6895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wave Power Technology Inc (ROCO:6895) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31, Lane 598, Zhongzheng Road, Miaoli County, Toufen City, TWN, 35151

Website

https://www.wavepower.com.tw

Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.

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