Chang Wah Technology Co (ROCO:6548) ROCE % : 16.79% (As of Mar. 2024)

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What is Chang Wah 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. Chang Wah Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.79%.

Chang Wah Technology Co ROCE % Historical Data

The historical data trend for Chang Wah 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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Chang Wah Technology Co ROCE % Chart

Chang Wah Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.73

12.18

23.57

31.12

15.39

Chang Wah 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															14.94	18.52	15.73	10.78	16.79

Chang Wah Technology Co ROCE % Calculation

Chang Wah 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 )
	=	2063.436	/	( ( (18828.652 - 5672.796)	+	(19966.95 - 6310.335) )	/ 2 )
	=	2063.436	/	( (13155.856	+	13656.615)	/ 2 )
	=	2063.436	/	13406.2355
	=	15.39 %

Chang Wah 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 )
	=	2357.708	/	( ( (19966.95 - 6310.335)	+	(20416.952 - 5981.155) )	/ 2 )
	=	2357.708	/	( ( 13656.615	+	14435.797 )	/ 2 )
	=	2357.708	/	14046.206
	=	16.79 %

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

Chang Wah Technology Co (ROCO:6548) 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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Chang Wah Technology Co (ROCO:6548) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Chang Wah Technology Co Ltd (ROCO:6548) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.24, Kai-Fa Road, Nan-Tze Export Processing Zone, Kaohsiung, TWN, 811

Website

https://www.cwtcglobal.com

Chang Wah Technology Co Ltd is a Taiwan-based frame manufacturer. The Company is mainly engaged in the manufacturing of light-emitting diode (LED) frame packaging materials. It focuses on the manufacture of electronic products and electronic components and retail and wholesale of electronic components and machinery business. The company also provides LED precision molds, as well as LED lighting fixtures, such as bulbs, patio lights, and panel lights, among others.

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