Jet Optoelectronics Co (ROCO:2255) ROCE % : -5.29% (As of Dec. 2023)

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What is Jet Optoelectronics 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. Jet Optoelectronics Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -5.29%.

Jet Optoelectronics Co ROCE % Historical Data

The historical data trend for Jet Optoelectronics 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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Jet Optoelectronics Co ROCE % Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

3.34

-22.54

27.68

26.03

3.85

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial					47.39	19.35	33.58	13.30	-5.29

Jet Optoelectronics Co ROCE % Calculation

Jet Optoelectronics 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 )
	=	64.696	/	( ( (3020.591 - 1370.964)	+	(2918.321 - 1210.01) )	/ 2 )
	=	64.696	/	( (1649.627	+	1708.311)	/ 2 )
	=	64.696	/	1678.969
	=	3.85 %

Jet Optoelectronics 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-87.916	/	( ( (2965.339 - 1347.471)	+	(2918.321 - 1210.01) )	/ 2 )
	=	-87.916	/	( ( 1617.868	+	1708.311 )	/ 2 )
	=	-87.916	/	1663.0895
	=	-5.29 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Jet Optoelectronics Co (ROCO:2255) 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.

Jet Optoelectronics Co ROCE % Related Terms

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Jet Optoelectronics Co (ROCO:2255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

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