Hiwin Mikrosystem (TPE:4576) ROCE % : -1.24% (As of Mar. 2024)

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What is Hiwin Mikrosystem 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. Hiwin Mikrosystem's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.24%.

Hiwin Mikrosystem ROCE % Historical Data

The historical data trend for Hiwin Mikrosystem'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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Hiwin Mikrosystem ROCE % Chart

Hiwin Mikrosystem Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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1.52

4.15

8.44

10.06

1.15

Hiwin Mikrosystem 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															1.92	-0.37	3.22	-	-1.24

Hiwin Mikrosystem ROCE % Calculation

Hiwin Mikrosystem'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 )
	=	56.366	/	( ( (5864.245 - 1027.387)	+	(6158.501 - 1201.568) )	/ 2 )
	=	56.366	/	( (4836.858	+	4956.933)	/ 2 )
	=	56.366	/	4896.8955
	=	1.15 %

Hiwin Mikrosystem'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 )
	=	-61.484	/	( ( (6158.501 - 1201.568)	+	(6112.638 - 1192.025) )	/ 2 )
	=	-61.484	/	( ( 4956.933	+	4920.613 )	/ 2 )
	=	-61.484	/	4938.773
	=	-1.24 %

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

Hiwin Mikrosystem (TPE:4576) 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.

Hiwin Mikrosystem ROCE % Related Terms

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Hiwin Mikrosystem (TPE:4576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Mikrosystem Corp (TPE:4576) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, Jingke Central Road, Chuen She Village, Nantun District, Taichung, TWN

Website

https://www.hiwinmikro.com.tw

Hiwin Mikrosystem Corp is engaged in manufactures, repairs and sells a variety of motors, drives and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motor, single axis motor, among other. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation.

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