Amazing Microelectronic (ROCO:6411) ROCE % : 9.27% (As of Mar. 2024)

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What is Amazing Microelectronic 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. Amazing Microelectronic's annualized ROCE % for the quarter that ended in Mar. 2024 was 9.27%.

Amazing Microelectronic ROCE % Historical Data

The historical data trend for Amazing Microelectronic'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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Amazing Microelectronic ROCE % Chart

Amazing Microelectronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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23.29

19.24

28.22

12.39

9.62

Amazing Microelectronic 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															9.53	16.46	12.24	0.41	9.27

Amazing Microelectronic ROCE % Calculation

Amazing Microelectronic'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 )
	=	433.251	/	( ( (5700.992 - 1467.148)	+	(6206.493 - 1434.53) )	/ 2 )
	=	433.251	/	( (4233.844	+	4771.963)	/ 2 )
	=	433.251	/	4502.9035
	=	9.62 %

Amazing Microelectronic'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 )
	=	437.58	/	( ( (6206.493 - 1434.53)	+	(6357.178 - 1690.003) )	/ 2 )
	=	437.58	/	( ( 4771.963	+	4667.175 )	/ 2 )
	=	437.58	/	4719.569
	=	9.27 %

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

Amazing Microelectronic (ROCO:6411) 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.

Amazing Microelectronic ROCE % Related Terms

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Amazing Microelectronic (ROCO:6411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Amazing Microelectronic Corp (ROCO:6411) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 736 Zhongzheng Road, 6th Floor, Zhonghe District, New Taipei, TWN, 6511

Website

https://www.amazingic.com

Amazing Microelectronic Corp is an ESD solution provider in Taiwan. It manufactures and provides EMI filter and interface component integrated with the ESD circuit. The company's product includes ESD ( TVS Array Component), EMI Filter, Analog Switch and Power Switch, Multi-ports HDMI Switch, Transceiver.

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