AURAS Technology Co (ROCO:3324) ROCE % : 24.82% (As of Mar. 2024)

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What is AURAS Technology Co 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. AURAS Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 24.82%.

AURAS Technology Co ROCE % Historical Data

The historical data trend for AURAS Technology Co'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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AURAS Technology Co ROCE % Chart

AURAS Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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40.74

30.32

24.45

26.99

22.88

AURAS Technology Co 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															23.15	19.70	39.10	18.10	24.82

AURAS Technology Co ROCE % Calculation

AURAS Technology Co'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 )
	=	1595.699	/	( ( (11742.741 - 5619.955)	+	(12611.75 - 4786.848) )	/ 2 )
	=	1595.699	/	( (6122.786	+	7824.902)	/ 2 )
	=	1595.699	/	6973.844
	=	22.88 %

AURAS Technology Co'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 )
	=	2009.916	/	( ( (12611.75 - 4786.848)	+	(13222.127 - 4851.939) )	/ 2 )
	=	2009.916	/	( ( 7824.902	+	8370.188 )	/ 2 )
	=	2009.916	/	8097.545
	=	24.82 %

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

AURAS Technology Co (ROCO:3324) 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.

AURAS Technology Co ROCE % Related Terms

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AURAS Technology Co (ROCO:3324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AURAS Technology Co Ltd (ROCO:3324) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 6, Wu-Chuan 3rd Road, 3rd Floor, Hsin Chuang District, New Taipei, TWN, 24891

Website

https://www.auras.com.tw

AURAS Technology Co Ltd is engaged in heat flow consulting service and manufacturing, processing, and retail of electronic materials, computer heat dissipation modules, and other related products. Its applications include Notebooks, Personal computers, IPC, Server, Phone, Pad, Mobile, Home applications, and LED lighting. Geographically, it derives a majority of revenue from China and also has a presence in Korea; Ireland, and Other Countries.

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