Golden Bridge Electech (TPE:6133) ROCE % : 2.98% (As of Mar. 2024)

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What is Golden Bridge Electech 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. Golden Bridge Electech's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.98%.

Golden Bridge Electech ROCE % Historical Data

The historical data trend for Golden Bridge Electech'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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Golden Bridge Electech ROCE % Chart

Golden Bridge Electech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.02

-3.52

9.15

2.38

Golden Bridge Electech 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															-3.07	8.27	7.35	-2.80	2.98

Golden Bridge Electech ROCE % Calculation

Golden Bridge Electech'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 )
	=	29.553	/	( ( (2083.726 - 769.947)	+	(1953.746 - 780.793) )	/ 2 )
	=	29.553	/	( (1313.779	+	1172.953)	/ 2 )
	=	29.553	/	1243.366
	=	2.38 %

Golden Bridge Electech'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 )
	=	35.068	/	( ( (1953.746 - 780.793)	+	(1960.907 - 779.522) )	/ 2 )
	=	35.068	/	( ( 1172.953	+	1181.385 )	/ 2 )
	=	35.068	/	1177.169
	=	2.98 %

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

Golden Bridge Electech (TPE:6133) 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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Golden Bridge Electech (TPE:6133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Golden Bridge Electech Inc (TPE:6133) » Definitions » ROCE %

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Address

Beishen Road,, 3rd Floor, No. 6, Lane 270, Section 3, Shenkeng District, New Taipei City, TWN

Website

http://www.gbe.com.tw

Golden Bridge Electech Inc is a provider of cable design. The Company's main business is the manufacturing and sales of wires and wireless products for computer peripherals, ultra-high frequency communications, consumer electronics, as well as various types of power supply cables, and is developing into a technology solution provider. It offers interconnect solutions for automotive electronics; communications; and Industrial use.

Golden Bridge Electech (TPE:6133) Headlines

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