Wistron Neweb (TPE:6285) ROCE % : 12.42% (As of Mar. 2024)

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What is Wistron Neweb 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. Wistron Neweb's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.42%.

Wistron Neweb ROCE % Historical Data

The historical data trend for Wistron Neweb'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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Wistron Neweb ROCE % Chart

Wistron Neweb Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.58

9.38

7.29

17.18

17.74

Wistron Neweb 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															12.71	19.61	27.19	15.91	12.42

Wistron Neweb ROCE % Calculation

Wistron Neweb'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 )
	=	5397.314	/	( ( (65877.947 - 39603.579)	+	(69212.675 - 34642.232) )	/ 2 )
	=	5397.314	/	( (26274.368	+	34570.443)	/ 2 )
	=	5397.314	/	30422.4055
	=	17.74 %

Wistron Neweb'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 )
	=	4385.096	/	( ( (69212.675 - 34642.232)	+	(70370.555 - 34309.983) )	/ 2 )
	=	4385.096	/	( ( 34570.443	+	36060.572 )	/ 2 )
	=	4385.096	/	35315.5075
	=	12.42 %

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

Wistron Neweb (TPE:6285) 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.

Wistron Neweb ROCE % Related Terms

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Wistron Neweb (TPE:6285) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wistron Neweb Corp (TPE:6285) » Definitions » ROCE %

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Address

20 Park Avenue II, Hsinchu Science Park, Hsinchu, TWN, 308

Website

https://www.wnc.com.tw

Wistron Neweb Corp is a product design and manufacturing company that provides original design manufacturing services for communications products. Its capabilities include radio frequency antenna design, software and hardware design, system integration, user interface development, and product testing. These design capabilities have been applied to applications in the "Internet of Things," mobile communications technology, automotive telematics, and smart home applications. Roughly half of the firm's revenue is generated in the Americas, with the rest coming from Asia, Europe, and other regions.

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