Micro-Star International Co (TPE:2377) ROCE % : 6.39% (As of Dec. 2023)

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What is Micro-Star International 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. Micro-Star International Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.39%.

Micro-Star International Co ROCE % Historical Data

The historical data trend for Micro-Star International 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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Micro-Star International Co ROCE % Chart

Micro-Star International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.06

28.35

49.19

25.42

18.35

Micro-Star International Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															4.23	24.81	21.72	23.29	6.39

Micro-Star International Co ROCE % Calculation

Micro-Star International 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 )
	=	9204.344	/	( ( (86852.903 - 37640.785)	+	(90523.814 - 39427.392) )	/ 2 )
	=	9204.344	/	( (49212.118	+	51096.422)	/ 2 )
	=	9204.344	/	50154.27
	=	18.35 %

Micro-Star International 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	3255.884	/	( ( (98978.912 - 48217.922)	+	(90523.814 - 39427.392) )	/ 2 )
	=	3255.884	/	( ( 50760.99	+	51096.422 )	/ 2 )
	=	3255.884	/	50928.706
	=	6.39 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Micro-Star International Co (TPE:2377) 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.

Micro-Star International Co ROCE % Related Terms

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Micro-Star International Co (TPE:2377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Micro-Star International Co Ltd (TPE:2377) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69, Lide Street, Zhonghe District, New Taipei, TWN, 235

Website

https://tw.msi.com

Micro-Star International Co Ltd is a manufacturer and distributor of computer hardware products, particularly gaming laptops and hardware. Its other products include laptops, motherboards, graphics cards, all-in-one PCs, mobile workstations, barebone computers, servers, multimedia peripherals to vehicle infotainment solutions, smart cleaning robots, and Wi-Fi cameras.

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