Solid State System Co (ROCO:3259) ROCE % : -61.49% (As of Mar. 2024)

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What is Solid State System 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. Solid State System Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -61.49%.

Solid State System Co ROCE % Historical Data

The historical data trend for Solid State System 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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Solid State System Co ROCE % Chart

Solid State System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-23.30

-17.37

0.50

-21.56

-46.95

Solid State System Co 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															-17.33	-47.64	-68.62	-78.19	-61.49

Solid State System Co ROCE % Calculation

Solid State System 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 )
	=	-219.953	/	( ( (629.79 - 121.048)	+	(508.935 - 80.616) )	/ 2 )
	=	-219.953	/	( (508.742	+	428.319)	/ 2 )
	=	-219.953	/	468.5305
	=	-46.95 %

Solid State System 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 )
	=	-252.352	/	( ( (508.935 - 80.616)	+	(452.132 - 59.683) )	/ 2 )
	=	-252.352	/	( ( 428.319	+	392.449 )	/ 2 )
	=	-252.352	/	410.384
	=	-61.49 %

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

Solid State System Co (ROCO:3259) 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.

Solid State System Co ROCE % Related Terms

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Solid State System Co (ROCO:3259) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solid State System Co Ltd (ROCO:3259) » Definitions » ROCE %

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Address

No. 22, Tai Yuen Street, 5th Floor-1, Tai Yuen Hi-Tech Industrial Park, Hsinchu County, Zhubei City, TWN, 30288

Website

http://www.3system.com.tw

Solid State System Co Ltd is engaged in the production and distribution of flash memory controller integrated circuits and audio ICs. It offers various storage solutions, including USB flash controllers and SSD turn-key solutions; multimedia audio solutions, such as USB speakers, USB headsets, and USB line-in controllers; and MEMS microphones.

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