The component is a 56pF ceramic capacitor with a capacitance value of 56 picofarads. It operates at a voltage rating of 50 volts and has a tolerance of ±5%. The capacitor is designed as C0G, also known as NP0, which signifies a specific type of ceramic material used for the capacitor's construction. Its case size measures 0402 or 1005 in metric notation, indicating its physical dimensions.