GL Tech Co (SZSE:300480) ROCE % : 4.12% (As of Mar. 2024)

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What is GL Tech 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. GL Tech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.12%.

GL Tech Co ROCE % Historical Data

The historical data trend for GL Tech 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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GL Tech Co ROCE % Chart

GL Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.06

9.44

11.73

5.95

5.11

GL Tech 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															7.00	6.44	6.08	0.77	4.12

GL Tech Co ROCE % Calculation

GL Tech 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 )
	=	86.224	/	( ( (1780.015 - 294.644)	+	(2086.471 - 194.158) )	/ 2 )
	=	86.224	/	( (1485.371	+	1892.313)	/ 2 )
	=	86.224	/	1688.842
	=	5.11 %

GL Tech 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 )
	=	78.008	/	( ( (2086.471 - 194.158)	+	(2068.029 - 175.851) )	/ 2 )
	=	78.008	/	( ( 1892.313	+	1892.178 )	/ 2 )
	=	78.008	/	1892.2455
	=	4.12 %

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

GL Tech Co (SZSE:300480) 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.

GL Tech Co ROCE % Related Terms

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GL Tech Co (SZSE:300480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GL Tech Co Ltd (SZSE:300480) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 10 Changchun Road, Zhengzhou High-tech Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.gltech.cn

GL Tech Co Ltd develops and produces instruments and complete solutions for the purposes of environmental protection, energy saving, and product safety. Its product line involves three areas: power production, coal mine safety production and semiconductor precision processing and manufacturing. Its products include two categories: safety production monitoring products; power production monitoring and environmental protection products.

Executives

Zhao Tong Yu	Director
Li Zu Qing	Directors, executives
Cao Wei	Secretary Dong
Sun Jian Hua	Director
Zhu Rui Hong	Supervisors
Li Yu Xia	Director
Liu Chun Feng	Executives
Guan Ping Li	Securities Affairs Representative

GL Tech Co (SZSE:300480) Headlines

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