Eslite Spectrum (ROCO:2926) ROCE % : 2.06% (As of Mar. 2024)

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What is Eslite Spectrum 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. Eslite Spectrum's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.06%.

Eslite Spectrum ROCE % Historical Data

The historical data trend for Eslite Spectrum'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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Eslite Spectrum ROCE % Chart

Eslite Spectrum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.00

3.00

-1.00

-0.74

-0.02

Eslite Spectrum 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															0.73	-2.14	-1.63	2.59	2.06

Eslite Spectrum ROCE % Calculation

Eslite Spectrum'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 )
	=	-2.326	/	( ( (13558.832 - 4388.761)	+	(17425.518 - 5603.566) )	/ 2 )
	=	-2.326	/	( (9170.071	+	11821.952)	/ 2 )
	=	-2.326	/	10496.0115
	=	-0.02 %

Eslite Spectrum'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 )
	=	240.708	/	( ( (17425.518 - 5603.566)	+	(16425.684 - 4866.554) )	/ 2 )
	=	240.708	/	( ( 11821.952	+	11559.13 )	/ 2 )
	=	240.708	/	11690.541
	=	2.06 %

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

Eslite Spectrum (ROCO:2926) 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.

Eslite Spectrum ROCE % Related Terms

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Eslite Spectrum (ROCO:2926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Eslite Spectrum Corp (ROCO:2926) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

B1, No. 204, Section 3, Sungte Road, Xinyi District, Taipei, TWN, 11075

Website

https://www.eslitespectrum.com.tw

Eslite Spectrum Corp is engaged in channels of cultural and creative industry, operation entrustment and management counselling services of department stores, trading and import of appliances and equipment for hotel use, trading and installation of appliances and equipment for kitchen use, import agency and retail of foods, as well as the operation of cafes and restaurants, and others. Its businesses involve the Omni-channel development business and the Hospitality business.

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