Synnex Technology International (TPE:2347) ROCE % : 12.69% (As of Mar. 2024)

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What is Synnex Technology International 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. Synnex Technology International's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.69%.

Synnex Technology International ROCE % Historical Data

The historical data trend for Synnex Technology International'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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Synnex Technology International ROCE % Chart

Synnex Technology International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.58

19.81

36.43

25.46

12.44

Synnex Technology International 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															12.77	14.09	12.78	14.20	12.69

Synnex Technology International ROCE % Calculation

Synnex Technology International'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 )
	=	12544.301	/	( ( (221646.318 - 123370.566)	+	(214240.321 - 110795.2) )	/ 2 )
	=	12544.301	/	( (98275.752	+	103445.121)	/ 2 )
	=	12544.301	/	100860.4365
	=	12.44 %

Synnex Technology International'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 )
	=	12924.852	/	( ( (214240.321 - 110795.2)	+	(211621.264 - 111380.31) )	/ 2 )
	=	12924.852	/	( ( 103445.121	+	100240.954 )	/ 2 )
	=	12924.852	/	101843.0375
	=	12.69 %

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

Synnex Technology International (TPE:2347) 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.

Synnex Technology International ROCE % Related Terms

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Synnex Technology International (TPE:2347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Synnex Technology International Corp (TPE:2347) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 75, Mingshen East Road, 4th Floor, Section 3, Taipei, TWN

Website

https://www.synnex-grp.com

Synnex Technology International Corp is a Taiwan-based company engaged in the sale of computers and related parts, communication products, consumer electronic products, electronic components, warehouse and logistics services, and maintenance and technical services. The majority of the company's revenue is generated from the distribution industry and is mainly engaged in the sale of 3C and semiconductor products. The company operates in Taiwan, Hong Kong, China, Australia, New Zealand, and Indonesia, out of which China and Hongkong is the key source of revenue.

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