Acon Optics Communications (ROCO:6820) ROCE % : 0.47% (As of Dec. 2023)

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What is Acon Optics Communications 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. Acon Optics Communications's annualized ROCE % for the quarter that ended in Dec. 2023 was 0.47%.

Acon Optics Communications ROCE % Historical Data

The historical data trend for Acon Optics Communications'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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Acon Optics Communications ROCE % Chart

Acon Optics Communications Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.11

14.96

4.59

18.17

5.35

Acon Optics Communications Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						3.51	18.27	17.69	10.40	0.47

Acon Optics Communications ROCE % Calculation

Acon Optics Communications'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 )
	=	18.532	/	( ( (647.365 - 296.721)	+	(615.721 - 273.461) )	/ 2 )
	=	18.532	/	( (350.644	+	342.26)	/ 2 )
	=	18.532	/	346.452
	=	5.35 %

Acon Optics Communications'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 )
	=	1.586	/	( ( (625.959 - 294.15)	+	(615.721 - 273.461) )	/ 2 )
	=	1.586	/	( ( 331.809	+	342.26 )	/ 2 )
	=	1.586	/	337.0345
	=	0.47 %

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

Acon Optics Communications (ROCO:6820) 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.

Acon Optics Communications ROCE % Related Terms

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Acon Optics Communications (ROCO:6820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acon Optics Communications Inc (ROCO:6820) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 45, Baoxing Road, 5th Floor, No. 4, Alley 9, Xindian District, New Taipei City, TWN, 231

Website

https://www.aconoptics.com

Acon Optics Communications Inc is engaged in manufacturing fiber optic cabling systems. Its products include Connectors, Adapter, patchcords, FTTA Solutions, MPO/MTP Solutions, Data Center Solutions, Accessories, NTT-AT HIREC 100, Reality series-Fiber Optic extender, Speedy series- Fiber Optic and Copper transceivers.

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