Great Rich Technologies (XKRX:900290) ROCE % : 13.32% (As of Dec. 2023)

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What is Great Rich Technologies 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. Great Rich Technologies's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.32%.

Great Rich Technologies ROCE % Historical Data

The historical data trend for Great Rich Technologies'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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Great Rich Technologies ROCE % Chart

Great Rich Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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17.92

11.77

8.64

5.47

6.90

Great Rich Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															8.15	6.06	6.22	14.11	13.32

Great Rich Technologies ROCE % Calculation

Great Rich Technologies's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	80135.292	/	( ( (1414381.892 - 124732.457)	+	(1484343.721 - 452204.075) )	/ 2 )
	=	80135.292	/	( (1289649.435	+	1032139.646)	/ 2 )
	=	80135.292	/	1160894.5405
	=	6.90 %

Great Rich Technologies's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	155469.644	/	( ( (1494397.076 - 416376.747)	+	(1480657.764 - 225011.265) )	/ 2 )
	=	155469.644	/	( ( 1078020.329	+	1255646.499 )	/ 2 )
	=	155469.644	/	1166833.414
	=	13.32 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Great Rich Technologies (XKRX:900290) 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.

Great Rich Technologies ROCE % Related Terms

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Great Rich Technologies (XKRX:900290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Great Rich Technologies Ltd (XKRX:900290) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Yin Chong Street, Room 01, 21st Floor, Prosper Commercial Building, Kowloon, Hong Kong, HKG

Website

http://www.grt-tongli.co.kr

Great Rich Technologies Ltd is engaged in developing, manufacturing and marketing Casting Polypropylene and Polyethylene Terephthalate Films for consumer electronics. The company also produces 3D and Blue Light Block films.

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