IROC Co (ROCO:3555) ROCE % : -25.42% (As of Mar. 2024)

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What is IROC 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. IROC Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -25.42%.

IROC Co ROCE % Historical Data

The historical data trend for IROC 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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IROC Co ROCE % Chart

IROC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-16.57

-17.44

10.12

-45.06

-8.44

IROC 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															1.89	-5.31	-20.17	-7.90	-25.42

IROC Co ROCE % Calculation

IROC 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 )
	=	-16.35	/	( ( (246.244 - 64.298)	+	(352.428 - 147.082) )	/ 2 )
	=	-16.35	/	( (181.946	+	205.346)	/ 2 )
	=	-16.35	/	193.646
	=	-8.44 %

IROC 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 )
	=	-49.772	/	( ( (352.428 - 147.082)	+	(342.849 - 156.575) )	/ 2 )
	=	-49.772	/	( ( 205.346	+	186.274 )	/ 2 )
	=	-49.772	/	195.81
	=	-25.42 %

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

IROC Co (ROCO:3555) 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.

IROC Co ROCE % Related Terms

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IROC Co (ROCO:3555) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IROC Co Ltd (ROCO:3555) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Lian Cheng Road, Room 7, 4th Floor, Chung Ho District, New Taipei City, TWN, 235

Website

https://www.iroc.com.tw

IROC Co Ltd, formerly Skymedi Corp designs, markets, and supplies flash memory data storage controllers, digital imaging and audio storage controllers. Its products comprise of flash card, USB flash disk, card reader, SSD, eMMC, and bridge controllers. It also operates a biotechnology business.

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