Gstarsoft Co (SHSE:688657) ROCE % : 1.40% (As of Mar. 2024)

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What is Gstarsoft 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. Gstarsoft Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.40%.

Gstarsoft Co ROCE % Historical Data

The historical data trend for Gstarsoft 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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Gstarsoft Co ROCE % Chart

Gstarsoft Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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37.39

33.38

35.57

24.19

6.18

Gstarsoft Co Quarterly Data
	Dec12	Dec13	Jun14	Dec14	Jun15	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.14	21.70	7.40	3.16	1.40

Gstarsoft Co ROCE % Calculation

Gstarsoft 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 )
	=	53.159	/	( ( (355.543 - 51.209)	+	(1491.627 - 76.613) )	/ 2 )
	=	53.159	/	( (304.334	+	1415.014)	/ 2 )
	=	53.159	/	859.674
	=	6.18 %

Gstarsoft 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 )
	=	19.804	/	( ( (1491.627 - 76.613)	+	(1468.5 - 45.615) )	/ 2 )
	=	19.804	/	( ( 1415.014	+	1422.885 )	/ 2 )
	=	19.804	/	1418.9495
	=	1.40 %

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

Gstarsoft Co (SHSE:688657) 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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Gstarsoft Co (SHSE:688657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gstarsoft Co Ltd (SHSE:688657) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 286, Dongping Street, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

https://www.gstarcad.com

Gstarsoft Co Ltd Is engaged in research & development, promotion and sales of CAD-related software. It provides users with Haochen CAD, Haochen 3D, Products such as Haochen CAD Viewer and related services surrounding the aforementioned products.

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