M3 Technology (TPE:6799) ROCE % : 15.37% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is M3 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. M3 Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 15.37%.

M3 Technology ROCE % Historical Data

The historical data trend for M3 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.

* Premium members only.

M3 Technology ROCE % Chart

M3 Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

14.10

41.14

62.50

38.25

20.50

M3 Technology Quarterly Data
	Dec17	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															15.69	25.08	23.48	21.24	15.37

M3 Technology ROCE % Calculation

M3 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 )
	=	272.315	/	( ( (1513.071 - 243.529)	+	(1591.689 - 204.465) )	/ 2 )
	=	272.315	/	( (1269.542	+	1387.224)	/ 2 )
	=	272.315	/	1328.383
	=	20.50 %

M3 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 )
	=	207.736	/	( ( (1591.689 - 204.465)	+	(1635.816 - 319.15) )	/ 2 )
	=	207.736	/	( ( 1387.224	+	1316.666 )	/ 2 )
	=	207.736	/	1351.945
	=	15.37 %

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

M3 Technology (TPE:6799) 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.

M3 Technology ROCE % Related Terms

Thank you for viewing the detailed overview of M3 Technology's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

M3 Technology (TPE:6799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M3 Technology Inc (TPE:6799) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Lane 178, Ruihu Street, 2nd Floor, Neihu District, Taipei, TWN

Website

https://www.m3tekic.com

M3 Technology Inc is engaged in the design, testing, production, and marketing of analog and mixed-signal integrated circuits, and focuses on the design and sales of high-end power management ICs, providing high-efficiency, Power management IC chips with less inductance, stable voltage, and low interference.

M3 Technology (TPE:6799) Headlines

No Headlines