E-Elements Technology Co (ROCO:6842) ROCE % : -9.25% (As of Dec. 2023)

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What is E-Elements 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. E-Elements Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -9.25%.

E-Elements Technology Co ROCE % Historical Data

The historical data trend for E-Elements 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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E-Elements Technology Co ROCE % Chart

E-Elements Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-21.64

25.00

14.87

14.58

-3.65

E-Elements Technology Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					28.64	9.13	21.03	1.89	-9.25

E-Elements Technology Co ROCE % Calculation

E-Elements 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 )
	=	-11.789	/	( ( (702.746 - 411.545)	+	(730.125 - 375.672) )	/ 2 )
	=	-11.789	/	( (291.201	+	354.453)	/ 2 )
	=	-11.789	/	322.827
	=	-3.65 %

E-Elements Technology Co'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 )
	=	-28.896	/	( ( (787.809 - 517.204)	+	(730.125 - 375.672) )	/ 2 )
	=	-28.896	/	( ( 270.605	+	354.453 )	/ 2 )
	=	-28.896	/	312.529
	=	-9.25 %

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

E-Elements Technology Co (ROCO:6842) 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.

E-Elements Technology Co ROCE % Related Terms

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E-Elements Technology Co (ROCO:6842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » E-Elements Technology Co Ltd (ROCO:6842) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

Ruiguang Road, No.61, Lane 76, Neihu District, Taipei, TWN

Website

http://www.e-elements.com

E-Elements Technology Co Ltd is engaged in the advanced field programmable gate array system design, training, technological consultation services, and supplying laboratory equipment of universities. The company aims at establishing long-term strategic partnership with programmable logic device/ system on chip manufacturers to offer design services to customers with high-tech and competitive solutions and cooperate with universities, research institutes and enterprises on new technology popularization.

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