eMemory Technology (ROCO:3529) ROCE % : 62.32% (As of Mar. 2024)

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What is eMemory 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. eMemory Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 62.32%.

eMemory Technology ROCE % Historical Data

The historical data trend for eMemory 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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eMemory Technology ROCE % Chart

eMemory Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.37

44.23

56.07

67.47

56.69

eMemory 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															45.43	58.51	79.00	66.59	62.32

eMemory Technology ROCE % Calculation

eMemory 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 )
	=	1751.434	/	( ( (3898.111 - 786.828)	+	(3757.697 - 689.585) )	/ 2 )
	=	1751.434	/	( (3111.283	+	3068.112)	/ 2 )
	=	1751.434	/	3089.6975
	=	56.69 %

eMemory 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 )
	=	2047.052	/	( ( (3757.697 - 689.585)	+	(4275.736 - 774.801) )	/ 2 )
	=	2047.052	/	( ( 3068.112	+	3500.935 )	/ 2 )
	=	2047.052	/	3284.5235
	=	62.32 %

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

eMemory Technology (ROCO:3529) 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.

eMemory Technology ROCE % Related Terms

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eMemory Technology (ROCO:3529) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » eMemory Technology Inc (ROCO:3529) » Definitions » ROCE %

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Address

8th Floor, No. 5, Tai-Yuan 1st Street, Hsinchu, Jhubei, TWN, 302082

Website

https://www.ememory.com.tw

eMemory Technology Inc provides and develops embedded flash memory products. It licenses its intellectual property (IP) to semiconductor foundries, integrated devices manufacturers and design houses. Its products are NeoBit, NeoFuse, NeoMTP, NeoPUF, and NeoEE. The company earns revenue in the form of Royalty and Income generated from the Technical Service provided, out of which the majority comes from the Royalties. The company operates in Taiwan, China, Singapore, Korea, the United States of America and other countries. Taiwan contributes to the majority of the revenue.

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