Anji Technology Co (TPE:6477) ROCE % : -1.72% (As of Mar. 2024)

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What is Anji Technology 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. Anji Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.72%.

Anji Technology Co ROCE % Historical Data

The historical data trend for Anji Technology 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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Anji Technology Co ROCE % Chart

Anji Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

8.79

4.15

5.97

3.20

Anji Technology 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															5.40	7.86	4.52	-5.36	-1.72

Anji Technology Co ROCE % Calculation

Anji Technology 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 )
	=	210.262	/	( ( (8240.171 - 1653.67)	+	(7867.273 - 1291.854) )	/ 2 )
	=	210.262	/	( (6586.501	+	6575.419)	/ 2 )
	=	210.262	/	6580.96
	=	3.20 %

Anji Technology 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 )
	=	-111.568	/	( ( (7867.273 - 1291.854)	+	(8020.899 - 1616.097) )	/ 2 )
	=	-111.568	/	( ( 6575.419	+	6404.802 )	/ 2 )
	=	-111.568	/	6490.1105
	=	-1.72 %

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

Anji Technology Co (TPE:6477) 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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Anji Technology Co (TPE:6477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anji Technology Co Ltd (TPE:6477) » Definitions » ROCE %

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Address

No. 19, Keji 5th Road, Annan District, Tainan, TWN, 709

Website

https://www.anjitek.com

Anji Technology Co Ltd is a Taiwan-based company involved in the manufacturing of solar modules to generate electricity. The different types of solar modules provided by the company include High-performance single-crystal germanium modules, High-performance double-glass modules, Polycrystalline germanium modules, and Building integrated modules.

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