Princeton Technology (ROCO:6129) ROCE % : -3.78% (As of Mar. 2024)

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What is Princeton Technology 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. Princeton Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was -3.78%.

Princeton Technology ROCE % Historical Data

The historical data trend for Princeton Technology'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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Princeton Technology ROCE % Chart

Princeton Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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-3.87

-1.23

-2.51

8.02

7.29

Princeton Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															7.60	7.17	1.62	0.06	-3.78

Princeton Technology ROCE % Calculation

Princeton Technology's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	169.365	/	( ( (2461.555 - 259.742)	+	(2743.646 - 297.698) )	/ 2 )
	=	169.365	/	( (2201.813	+	2445.948)	/ 2 )
	=	169.365	/	2323.8805
	=	7.29 %

Princeton Technology'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: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-86.848	/	( ( (2551.914 - 239.174)	+	(2484.723 - 200.917) )	/ 2 )
	=	-86.848	/	( ( 2312.74	+	2283.806 )	/ 2 )
	=	-86.848	/	2298.273
	=	-3.78 %

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

Princeton Technology (ROCO:6129) 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.

Princeton Technology ROCE % Related Terms

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Princeton Technology (ROCO:6129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Princeton Technology Corp (ROCO:6129) » Definitions » ROCE %

Comparable Companies

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N/A

Address

No. 233-1, Baociao Road, 2nd Floor, Sindian District, New Taipei City, TWN, 23145

Website

http://www.princeton.com.tw

Princeton Technology Corp is engaged in the development, design, testing and sales of consumer integrated circuits (ICs). Its products include Display Driver ICs, Multimedia Audio Controller ICs, Motor Driver ICs, RF ICs, Encoder/Decoder ICs, Remote Control ICs, and ASICs and are suitable for a wide range of applications, including automotive dashboard and multimedia devices, portable audio players, digital TVs, home audio/video appliances, DSCs, DSLRs, monitoring cameras, and car security systems. Geographically, the activities are carried out in Taiwan, Japan, Korea, Mainland China(including HK) and others.

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