Advanced Digital Chips (XKRX:054630) ROCE % : -0.20% (As of Mar. 2024)

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What is Advanced Digital Chips 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. Advanced Digital Chips's annualized ROCE % for the quarter that ended in Mar. 2024 was -0.20%.

Advanced Digital Chips ROCE % Historical Data

The historical data trend for Advanced Digital Chips'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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Advanced Digital Chips ROCE % Chart

Advanced Digital Chips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-39.88

-21.66

-30.98

-11.91

-19.03

Advanced Digital Chips 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															-11.58	2.94	-9.53	-59.30	-0.20

Advanced Digital Chips ROCE % Calculation

Advanced Digital Chips'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 )
	=	-5254.558	/	( ( (85885.744 - 50903.006)	+	(81654.435 - 61425.808) )	/ 2 )
	=	-5254.558	/	( (34982.738	+	20228.627)	/ 2 )
	=	-5254.558	/	27605.6825
	=	-19.03 %

Advanced Digital Chips'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 )
	=	-36.056	/	( ( (81654.435 - 61425.808)	+	(76795.412 - 60706.553) )	/ 2 )
	=	-36.056	/	( ( 20228.627	+	16088.859 )	/ 2 )
	=	-36.056	/	18158.743
	=	-0.20 %

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

Advanced Digital Chips (XKRX:054630) 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.

Advanced Digital Chips ROCE % Related Terms

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Advanced Digital Chips (XKRX:054630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advanced Digital Chips Inc (XKRX:054630) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

282, A, 22nd Floor, Geumgang Pentiumium IT Tower, Kangyang-dong, Anyang, KOR

Website

http://www.adc.co.kr

Advanced Digital Chips Inc is a Korean company specialized in developing MCU IPs, and construction of various industrial multimedia chips. The company operates in the business fields of 32bit CPU Core, ASIC design service, SoC MCU and trading business. Its product portfolio includes general and multimedia SoC MCU, system development kit and tools and others.

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