Alliance Material Co (ROCO:3595) ROCE % : 7.05% (As of Dec. 2023)

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What is Alliance Material 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. Alliance Material Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.05%.

Alliance Material Co ROCE % Historical Data

The historical data trend for Alliance Material 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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Alliance Material Co ROCE % Chart

Alliance Material Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.78

14.05

18.57

8.08

1.85

Alliance Material Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															10.85	16.12	-0.04	-3.12	7.05

Alliance Material Co ROCE % Calculation

Alliance Material 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 )
	=	7.815	/	( ( (536.541 - 100.242)	+	(601.818 - 191.427) )	/ 2 )
	=	7.815	/	( (436.299	+	410.391)	/ 2 )
	=	7.815	/	423.345
	=	1.85 %

Alliance Material 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 )
	=	28.794	/	( ( (532.095 - 125.376)	+	(601.818 - 191.427) )	/ 2 )
	=	28.794	/	( ( 406.719	+	410.391 )	/ 2 )
	=	28.794	/	408.555
	=	7.05 %

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

Alliance Material Co (ROCO:3595) 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.

Alliance Material Co ROCE % Related Terms

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Alliance Material Co (ROCO:3595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alliance Material Co Ltd (ROCO:3595) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jhong-He Street, No. 1, Lane 15, Lane 191, Jhu-Bei City, Hsin Chu, TWN, 302

Website

http://www.amctape.com

Alliance Material Co Ltd is engaged in the production of LCD backlight module optical film. It offers black and white tape, optical tape, plastic protective film, UV light curing resin and the provision of cutting and processing services. The company also provides all kinds of materials professional consulting services.

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