Motion Technology Electric & Machinery Co (ROCO:4589) ROCE % : 7.80% (As of Dec. 2023)

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What is Motion Technology Electric & Machinery 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. Motion Technology Electric & Machinery Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.80%.

Motion Technology Electric & Machinery Co ROCE % Historical Data

The historical data trend for Motion Technology Electric & Machinery 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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Motion Technology Electric & Machinery Co ROCE % Chart

Motion Technology Electric & Machinery Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

6.67

15.43

13.59

Motion Technology Electric & Machinery Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	-	15.52	15.36	19.60	7.80

Motion Technology Electric & Machinery Co ROCE % Calculation

Motion Technology Electric & Machinery 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 )
	=	102.895	/	( ( (1021.802 - 295.91)	+	(1101.241 - 313.193) )	/ 2 )
	=	102.895	/	( (725.892	+	788.048)	/ 2 )
	=	102.895	/	756.97
	=	13.59 %

Motion Technology Electric & Machinery 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 )
	=	60.3	/	( ( (1035.449 - 276.672)	+	(1101.241 - 313.193) )	/ 2 )
	=	60.3	/	( ( 758.777	+	788.048 )	/ 2 )
	=	60.3	/	773.4125
	=	7.80 %

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

Motion Technology Electric & Machinery Co (ROCO:4589) 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.

Motion Technology Electric & Machinery Co ROCE % Related Terms

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Motion Technology Electric & Machinery Co (ROCO:4589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Motion Technology Electric & Machinery Co Ltd (ROCO:4589) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Lane 76, Neiding 20th Street, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.motiontech.com.tw

Motion Technology Electric & Machinery Co Ltd engages in the design and production of high-precision motors for use in medical appliances, electric wheelchairs, mobility scooters, elevators, and transmission systems. Its products include brush DC motors, brushless DC motors, BLDC drivers, servo motors, induction motors, and reluctance motor control.

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