Syncmold Enterprise (TPE:1582) ROCE % : 20.20% (As of Mar. 2024)

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What is Syncmold Enterprise 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. Syncmold Enterprise's annualized ROCE % for the quarter that ended in Mar. 2024 was 20.20%.

Syncmold Enterprise ROCE % Historical Data

The historical data trend for Syncmold Enterprise'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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Syncmold Enterprise ROCE % Chart

Syncmold Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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24.36

23.31

5.77

8.47

13.99

Syncmold Enterprise 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															2.76	15.08	22.72	18.83	20.20

Syncmold Enterprise ROCE % Calculation

Syncmold Enterprise'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 )
	=	1066.726	/	( ( (11447.348 - 3787.567)	+	(12045.377 - 4452.353) )	/ 2 )
	=	1066.726	/	( (7659.781	+	7593.024)	/ 2 )
	=	1066.726	/	7626.4025
	=	13.99 %

Syncmold Enterprise'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 )
	=	1597.08	/	( ( (12045.377 - 4452.353)	+	(12277.206 - 4055.111) )	/ 2 )
	=	1597.08	/	( ( 7593.024	+	8222.095 )	/ 2 )
	=	1597.08	/	7907.5595
	=	20.20 %

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

Syncmold Enterprise (TPE:1582) 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.

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Syncmold Enterprise (TPE:1582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Syncmold Enterprise Corp (TPE:1582) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

No. 168, Jiankang Road, 9th Floor, Zhonghe District, New Taipei City, TWN, 235

Website

https://www.syncmold.com.tw

Syncmold Enterprise Corp is a Taiwan-based company engaged in the processing, manufacturing, trading, technology licensing and related import and export business of various metal molds, plastic molds and electronic parts. stands for LCD monitors, LCD TVs, appliances, office machines, components of medical devices, and many other electronic products. The company's customers comprise both original design manufacturers, such as Foxconn, and branded manufacturers like Dell and Philips. The company also designs and manufactures molding products. It generates almost all its revenue from markets outside of Taiwan, with mainland China contributing to majority of its revenue.

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