Global Unichip (TPE:3443) ROCE % : 29.64% (As of Mar. 2024)

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What is Global Unichip 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. Global Unichip's annualized ROCE % for the quarter that ended in Mar. 2024 was 29.64%.

Global Unichip ROCE % Historical Data

The historical data trend for Global Unichip'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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Global Unichip ROCE % Chart

Global Unichip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.14

21.04

33.23

61.07

44.48

Global Unichip 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															48.20	46.21	53.84	34.38	29.64

Global Unichip ROCE % Calculation

Global Unichip'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 )
	=	4160.784	/	( ( (21187.539 - 12598.477)	+	(21073.932 - 10953.865) )	/ 2 )
	=	4160.784	/	( (8589.062	+	10120.067)	/ 2 )
	=	4160.784	/	9354.5645
	=	44.48 %

Global Unichip'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 )
	=	3104.168	/	( ( (21073.932 - 10953.865)	+	(22139.469 - 11313.004) )	/ 2 )
	=	3104.168	/	( ( 10120.067	+	10826.465 )	/ 2 )
	=	3104.168	/	10473.266
	=	29.64 %

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

Global Unichip (TPE:3443) 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.

Global Unichip ROCE % Related Terms

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Global Unichip (TPE:3443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global Unichip Corp (TPE:3443) » Definitions » ROCE %

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N/A

Address

No. 10, Li-Hsin 6th Road, Hsinchu Science Park, Hsinchu, TWN, 300096

Website

https://www.guc-asic.com

Global Unichip Corp is a Taiwanese fabless application-specific integrated circuit (ASIC) design company that provides several services, including system-on-chip integration, implementation methodologies, and integrated manufacturing. The company offers its manufacturing service through collaboration with wafer fabs, packaging and testing houses, and other providers to shorten time to market, minimize technical risk, and improve yield for customers. Global Unichip also touts an extensive IP product portfolio that enables the adoption of emerging technologies and interfaces, while also reducing time to market.

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