Delta Electronics (TPE:2308) ROCE % : 10.71% (As of Mar. 2024)

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What is Delta Electronics 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. Delta Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.71%.

Delta Electronics ROCE % Historical Data

The historical data trend for Delta Electronics'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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Delta Electronics ROCE % Chart

Delta Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.70

14.82

14.39

16.72

15.75

Delta Electronics 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															13.39	16.18	18.04	16.02	10.71

Delta Electronics ROCE % Calculation

Delta Electronics'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 )
	=	49812.829	/	( ( (425873.806 - 125013.428)	+	(457746.578 - 126084.553) )	/ 2 )
	=	49812.829	/	( (300860.378	+	331662.025)	/ 2 )
	=	49812.829	/	316261.2015
	=	15.75 %

Delta Electronics'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 )
	=	36420.272	/	( ( (457746.578 - 126084.553)	+	(472140.864 - 123528.801) )	/ 2 )
	=	36420.272	/	( ( 331662.025	+	348612.063 )	/ 2 )
	=	36420.272	/	340137.044
	=	10.71 %

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

Delta Electronics (TPE:2308) 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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Delta Electronics (TPE:2308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delta Electronics Inc (TPE:2308) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491

Website

https://www.deltaww.com

Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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