Keystone Microtech (ROCO:6683) ROCE % : 26.48% (As of Mar. 2024)

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What is Keystone Microtech 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. Keystone Microtech's annualized ROCE % for the quarter that ended in Mar. 2024 was 26.48%.

Keystone Microtech ROCE % Historical Data

The historical data trend for Keystone Microtech'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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Keystone Microtech ROCE % Chart

Keystone Microtech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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21.81

28.18

30.62

26.11

20.63

Keystone Microtech 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															22.31	19.15	24.91	17.04	26.48

Keystone Microtech ROCE % Calculation

Keystone Microtech'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 )
	=	443.167	/	( ( (2456.769 - 387.902)	+	(2580.74 - 352.295) )	/ 2 )
	=	443.167	/	( (2068.867	+	2228.445)	/ 2 )
	=	443.167	/	2148.656
	=	20.63 %

Keystone Microtech'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 )
	=	607.324	/	( ( (2580.74 - 352.295)	+	(2695.613 - 337.162) )	/ 2 )
	=	607.324	/	( ( 2228.445	+	2358.451 )	/ 2 )
	=	607.324	/	2293.448
	=	26.48 %

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

Keystone Microtech (ROCO:6683) 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.

Keystone Microtech ROCE % Related Terms

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Keystone Microtech (ROCO:6683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Keystone Microtech Corp (ROCO:6683) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 431, Zhuangjing North Road, Hsinchu County, Zhubei, TWN, 302

Website

https://www.ksmt.com.tw

Keystone Microtech Corp operates as a semiconductor device manufacturing company. The Company is mainly an important operating department engaged in the manufacture and sale of various circuit testing solutions for semiconductors, including IC front-end test solutions (probe cards and substrates), IC back-end test solutions (load boards and burn-in boards), and other related testing boards. Geographically, it operates in Taiwan, China & Others, out of which the majority is from Taiwan.

Keystone Microtech (ROCO:6683) Headlines

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