Brightek Optoelectronic Co (TPE:5244) ROCE % : 11.17% (As of Mar. 2024)

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What is Brightek Optoelectronic 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. Brightek Optoelectronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.17%.

Brightek Optoelectronic Co ROCE % Historical Data

The historical data trend for Brightek Optoelectronic 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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Brightek Optoelectronic Co ROCE % Chart

Brightek Optoelectronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.67

24.16

31.28

14.11

11.82

Brightek Optoelectronic Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															9.37	10.94	13.64	13.94	11.17

Brightek Optoelectronic Co ROCE % Calculation

Brightek Optoelectronic 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 )
	=	195.734	/	( ( (1915.106 - 272.025)	+	(1951.878 - 283.87) )	/ 2 )
	=	195.734	/	( (1643.081	+	1668.008)	/ 2 )
	=	195.734	/	1655.5445
	=	11.82 %

Brightek Optoelectronic Co'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 )
	=	189.48	/	( ( (1951.878 - 283.87)	+	(1995.691 - 271.36) )	/ 2 )
	=	189.48	/	( ( 1668.008	+	1724.331 )	/ 2 )
	=	189.48	/	1696.1695
	=	11.17 %

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

Brightek Optoelectronic Co (TPE:5244) 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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Brightek Optoelectronic Co (TPE:5244) Business Description

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Address

No. 1492-1, Chunri Road, 7th Floor, Taoyuan District, Taoyuan City, TWN, 33051

Website

https://www.brightek.com

Brightek Optoelectronic Co Ltd is a Taiwan-based company that mainly engages in the manufacturing and trading of optoelectronic elements. Geographically company operates in Asia, America, Europe, and Others, where it derives the majority of its revenue from Asia.

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