Taiwan Surface Mounting Technology (TPE:6278) ROCE % : 14.83% (As of Mar. 2024)

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What is Taiwan Surface Mounting 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. Taiwan Surface Mounting Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 14.83%.

Taiwan Surface Mounting Technology ROCE % Historical Data

The historical data trend for Taiwan Surface Mounting 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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Taiwan Surface Mounting Technology ROCE % Chart

Taiwan Surface Mounting Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.91

17.49

26.12

24.70

13.00

Taiwan Surface Mounting 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															5.89	14.95	20.07	12.53	14.83

Taiwan Surface Mounting Technology ROCE % Calculation

Taiwan Surface Mounting 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 )
	=	3280.268	/	( ( (55171.489 - 29602.246)	+	(48628.852 - 23742.982) )	/ 2 )
	=	3280.268	/	( (25569.243	+	24885.87)	/ 2 )
	=	3280.268	/	25227.5565
	=	13.00 %

Taiwan Surface Mounting 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 )
	=	3758.772	/	( ( (48628.852 - 23742.982)	+	(49996.304 - 24207.303) )	/ 2 )
	=	3758.772	/	( ( 24885.87	+	25789.001 )	/ 2 )
	=	3758.772	/	25337.4355
	=	14.83 %

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

Taiwan Surface Mounting Technology (TPE:6278) 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.

Taiwan Surface Mounting Technology ROCE % Related Terms

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Taiwan Surface Mounting Technology (TPE:6278) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taiwan Surface Mounting Technology Corp (TPE:6278) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 437, Taoying Road, Taoyuan District, Dalinli, Taoyuan, TWN, 330

Website

https://www.tsmt.com.tw

Taiwan Surface Mounting Technology Corp is mainly engaged in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging. Geographically company generates a majority of its revenue from Mainland China followed by Taiwan, Asia, the United States, Europe, and others. Applications for the company's surface-mount technology include mobile phones, laptops, notebooks, televisions, digital cameras, power supply control boards, and inverter control boards. It also produces touch-panel control boards and micro projector control boards, along with backlighting bars for use in computers, televisions, and portable electronics.

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