Shun On Electronic Co (TPE:6283) ROCE % : -5.09% (As of Mar. 2024)

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What is Shun On Electronic Co 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. Shun On Electronic Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -5.09%.

Shun On Electronic Co ROCE % Historical Data

The historical data trend for Shun On Electronic Co'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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Shun On Electronic Co ROCE % Chart

Shun On Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.26

-3.37

-6.71

-3.44

-10.71

Shun On Electronic Co 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															-11.13	-1.05	-8.56	-22.05	-5.09

Shun On Electronic Co ROCE % Calculation

Shun On Electronic Co'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 )
	=	-209.818	/	( ( (2962.431 - 886.365)	+	(2611.36 - 769.797) )	/ 2 )
	=	-209.818	/	( (2076.066	+	1841.563)	/ 2 )
	=	-209.818	/	1958.8145
	=	-10.71 %

Shun On Electronic Co'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 )
	=	-93.592	/	( ( (2611.36 - 769.797)	+	(2454.253 - 619.455) )	/ 2 )
	=	-93.592	/	( ( 1841.563	+	1834.798 )	/ 2 )
	=	-93.592	/	1838.1805
	=	-5.09 %

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

Shun On Electronic Co (TPE:6283) 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.

Shun On Electronic Co ROCE % Related Terms

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Shun On Electronic Co (TPE:6283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shun On Electronic Co Ltd (TPE:6283) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 146,Xinhu 2nd Road, 2nd floor, No 19, Neihu District, Taipei, TWN, 11494

Website

https://www.soe-ele.com

Shun On Electronic Co Ltd is a Taiwan-based company engaged in the research, manufacturing, and sales of intelligent products, including conductive films and automotive products. It offers membranes, overlays and domes, keypads, housing, and touch keys for mobile phones.

Shun On Electronic Co (TPE:6283) Headlines

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