ENE Technology (TPE:6243) ROCE % : 13.03% (As of Mar. 2024)

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What is ENE Technology 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. ENE Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 13.03%.

ENE Technology ROCE % Historical Data

The historical data trend for ENE Technology'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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ENE Technology ROCE % Chart

ENE Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-11.60

-12.03

9.84

9.30

8.40

ENE Technology 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															8.62	14.80	17.48	-7.29	13.03

ENE Technology ROCE % Calculation

ENE Technology'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 )
	=	68.955	/	( ( (1164.206 - 362.608)	+	(1147.427 - 306.677) )	/ 2 )
	=	68.955	/	( (801.598	+	840.75)	/ 2 )
	=	68.955	/	821.174
	=	8.40 %

ENE Technology'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 )
	=	111.38	/	( ( (1147.427 - 306.677)	+	(1144.709 - 275.447) )	/ 2 )
	=	111.38	/	( ( 840.75	+	869.262 )	/ 2 )
	=	111.38	/	855.006
	=	13.03 %

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

ENE Technology (TPE:6243) 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.

ENE Technology ROCE % Related Terms

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ENE Technology (TPE:6243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ENE Technology Inc (TPE:6243) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, No.21, Lixing Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.ene.com.tw

ENE Technology Inc is a Taiwan based company primarily operates in integrated circuit business. The business activity of the group includes designing, development, manufacturing, and sale of integrated circuit products. Its products are Embedded Controller, Embedded MCU, and wireless charger. Geographically, the firm operates through Taiwan, however, its business presence is also in the international market.

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