Wistron Information Technology & Service (ROCO:4953) ROCE % : 15.96% (As of Mar. 2024)

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What is Wistron Information Technology & Service 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 Information Technology & Service's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.96%.

Wistron Information Technology & Service ROCE % Historical Data

The historical data trend for Wistron Information Technology & Service'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 Information Technology & Service ROCE % Chart

Wistron Information Technology & Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.35

22.81

20.04

22.87

20.00

Wistron Information Technology & Service 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															18.81	21.63	22.25	21.09	15.96

Wistron Information Technology & Service ROCE % Calculation

Wistron Information Technology & Service'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 )
	=	664.573	/	( ( (4561.758 - 1610.187)	+	(5237.43 - 1544.852) )	/ 2 )
	=	664.573	/	( (2951.571	+	3692.578)	/ 2 )
	=	664.573	/	3322.0745
	=	20.00 %

Wistron Information Technology & Service'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 )
	=	606.92	/	( ( (5237.43 - 1544.852)	+	(5425.427 - 1513.195) )	/ 2 )
	=	606.92	/	( ( 3692.578	+	3912.232 )	/ 2 )
	=	606.92	/	3802.405
	=	15.96 %

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

Wistron Information Technology & Service (ROCO:4953) 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.

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Wistron Information Technology & Service (ROCO:4953) Business Description

Industry

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Address

No. 93, Section 1, Xintai 5th Road, 32nd Floor, Xizhi District, Taipei, TWN, 22175

Website

https://www.wistronits.com

Wistron Information Technology & Service is engaged in the development and maintenance of the IT system, IT consulting and outsourcing services. Its products and service include technical consulting services, information technology outsourcing, business process outsourcing, and product globalization services. Geographically, the business presences are in Taiwan, Japan and Others.

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