Oriental System Technology (ROCO:6819) ROCE % : -18.63% (As of Dec. 2023)

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What is Oriental System 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. Oriental System Technology's annualized ROCE % for the quarter that ended in Dec. 2023 was -18.63%.

Oriental System Technology ROCE % Historical Data

The historical data trend for Oriental System 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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Oriental System Technology ROCE % Chart

Oriental System Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.37

124.34

-19.98

-31.02

-11.67

Oriental System Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial							-44.70	-30.10	-29.90	-4.85	-18.63

Oriental System Technology ROCE % Calculation

Oriental System Technology'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 )
	=	-42.142	/	( ( (464.575 - 74.697)	+	(413.127 - 80.784) )	/ 2 )
	=	-42.142	/	( (389.878	+	332.343)	/ 2 )
	=	-42.142	/	361.1105
	=	-11.67 %

Oriental System Technology's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-65.766	/	( ( (450.138 - 76.433)	+	(413.127 - 80.784) )	/ 2 )
	=	-65.766	/	( ( 373.705	+	332.343 )	/ 2 )
	=	-65.766	/	353.024
	=	-18.63 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Oriental System Technology (ROCO:6819) 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.

Oriental System Technology ROCE % Related Terms

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Oriental System Technology (ROCO:6819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Oriental System Technology Inc (ROCO:6819) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Industry E. 9th Road, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30075

Website

https://www.orisystech.com

Oriental System Technology Inc is engaged in the manufacturing of sensors. The product portfolio includes thermopile sensor, NDIR gas sensor, and optoelectronic components.

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