Alchip Technologies (TPE:3661) ROCE % : 23.77% (As of Mar. 2024)

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What is Alchip Technologies 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. Alchip Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 23.77%.

Alchip Technologies ROCE % Historical Data

The historical data trend for Alchip Technologies'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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Alchip Technologies ROCE % Chart

Alchip Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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16.66

29.49

26.44

20.26

26.82

Alchip Technologies 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															21.67	26.48	28.57	31.45	23.77

Alchip Technologies ROCE % Calculation

Alchip Technologies'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 )
	=	4203.783	/	( ( (19738.125 - 6607.763)	+	(32458.201 - 14245.636) )	/ 2 )
	=	4203.783	/	( (13130.362	+	18212.565)	/ 2 )
	=	4203.783	/	15671.4635
	=	26.82 %

Alchip Technologies'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 )
	=	6141.012	/	( ( (32458.201 - 14245.636)	+	(50958.226 - 17491.673) )	/ 2 )
	=	6141.012	/	( ( 18212.565	+	33466.553 )	/ 2 )
	=	6141.012	/	25839.559
	=	23.77 %

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

Alchip Technologies (TPE:3661) 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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Alchip Technologies (TPE:3661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alchip Technologies Ltd (TPE:3661) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

Wenhu Street, No.12, 9th floor, Neihu District, Taipei, TWN, 11445

Website

https://www.alchip.com

Alchip Technologies Ltd is engaged in the research and development, design, and manufacture of fabless application-specific integrated circuits (ASIC) and system on a chip (SoC) and the rendering of related services. Its geographical segments are China, Japan, the United States, Europe, Taiwan, and Others, of which majority of its revenue comes from the United States.

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