Kingray Technology Co (ROCO:6787) ROCE % : -29.26% (As of Dec. 2023)

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What is Kingray Technology 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. Kingray Technology Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -29.26%.

Kingray Technology Co ROCE % Historical Data

The historical data trend for Kingray Technology 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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Kingray Technology Co ROCE % Chart

Kingray Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-48.55

-41.77

-26.52

-20.75

-31.89

Kingray Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial						-26.12	-28.98	-12.89	-29.33	-29.26

Kingray Technology Co ROCE % Calculation

Kingray Technology 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 )
	=	-160.222	/	( ( (563.534 - 65.636)	+	(587.951 - 81.105) )	/ 2 )
	=	-160.222	/	( (497.898	+	506.846)	/ 2 )
	=	-160.222	/	502.372
	=	-31.89 %

Kingray Technology 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 )
	=	-160.674	/	( ( (668.402 - 76.869)	+	(587.951 - 81.105) )	/ 2 )
	=	-160.674	/	( ( 591.533	+	506.846 )	/ 2 )
	=	-160.674	/	549.1895
	=	-29.26 %

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

Kingray Technology Co (ROCO:6787) 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.

Kingray Technology Co ROCE % Related Terms

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Kingray Technology Co (ROCO:6787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kingray Technology Co Ltd (ROCO:6787) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 256, Daming Road,, Jilinli, Zhudong Town, Hsinchu County, TWN, 31042

Website

https://krt.kingraytech.com

Kingray Technology Co Ltd is focused on the business of optical instruments, electronic components and precision equipment manufacturing, and international trade industry, electronic materials wholesale and retail industry, etc.

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