Zippy Technology (TPE:2420) ROCE % : 19.50% (As of Mar. 2024)

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What is Zippy Technology 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. Zippy Technology's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.50%.

Zippy Technology ROCE % Historical Data

The historical data trend for Zippy Technology'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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Zippy Technology ROCE % Chart

Zippy Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.24

12.86

16.29

18.58

14.58

Zippy Technology 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															13.94	16.21	17.36	11.53	19.50

Zippy Technology ROCE % Calculation

Zippy Technology'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 )
	=	703.018	/	( ( (5586.999 - 739.167)	+	(5380.158 - 585.535) )	/ 2 )
	=	703.018	/	( (4847.832	+	4794.623)	/ 2 )
	=	703.018	/	4821.2275
	=	14.58 %

Zippy Technology'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 )
	=	954.564	/	( ( (5380.158 - 585.535)	+	(5651.557 - 655.488) )	/ 2 )
	=	954.564	/	( ( 4794.623	+	4996.069 )	/ 2 )
	=	954.564	/	4895.346
	=	19.50 %

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

Zippy Technology (TPE:2420) 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.

Zippy Technology ROCE % Related Terms

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Zippy Technology (TPE:2420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zippy Technology Corp (TPE:2420) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50, Minquan Road, 10th Floor, Xindian District, New Taipei, TWN

Website

https://www.zippy.com.tw

Zippy Technology Corp is engaged in the designing, manufacturing and trading of micro switches, power supplies. Its products are widely used in consumer electronics, IT peripherals, communication products, household appliances, medical and industrial products, and automobiles.

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