Goldkey Technology (TPE:3135) ROC (Joel Greenblatt) %: 50.14% (As of Dec. 2025) — 375% Above Median

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TPE:3135 Goldkey Technology Corp TPE:3135
45 GF Score
Price NT$156.00
! 5 Warning Signs
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What is Goldkey Technology ROC (Joel Greenblatt) %?

Goldkey Technology TPE:3135 +4.00% 45 ROC (Joel Greenblatt) % is 50.14% as of Dec. 2025, which is 375% above its 10-year median of 10.56. GuruFocus rates TPE:3135 with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 1,027 Semiconductors companies, Goldkey Technology ranks better than 67.58% on this metric.

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Goldkey Technology's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 50.14%.

The historical rank and industry rank for Goldkey Technology's ROC (Joel Greenblatt) % or its related term are showing as below:

TPE:3135' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.68   Med: 10.56   Max: 26.2
Current: 21.9

During the past 7 years, Goldkey Technology's highest ROC (Joel Greenblatt) % was 26.20%. The lowest was 2.68%. And the median was 10.56%.

TPE:3135's ROC (Joel Greenblatt) % is ranked better than
67.58% of 1027 companies
in the Semiconductors industry
Industry Median: 8.36 vs TPE:3135: 21.90

Goldkey Technology's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 18.20% per year.


Goldkey Technology  (TPE:3135) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Goldkey Technology ROC (Joel Greenblatt) % Related Terms


Goldkey Technology ROC (Joel Greenblatt) % Historical Data

* Premium members only.

The historical data trend for Goldkey Technology's ROC (Joel Greenblatt) % 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.

Goldkey Technology ROC (Joel Greenblatt) % Chart

Goldkey Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 21.97 2.68 8.61 10.56 18.46

Goldkey Technology Quarterly Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.89 9.34 -0.43 17.98 50.14

TPE:3135 vs NVDA, AVGO, MU: ROC (Joel Greenblatt) % Comparison

For the Semiconductors subindustry, Goldkey Technology's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Goldkey Technology ROC (Joel Greenblatt) % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Goldkey Technology's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Goldkey Technology's ROC (Joel Greenblatt) % falls into.


TPE:3135
45GF Score
Goldkey Technology Corp TPE:3135
ROC (Joel Greenblatt) % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldkey Technology ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1052.944 + 1179.042 + 195.52) - (238.447 + 0 + 21.357)
=2167.702

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1502.3 + 2618.809 + 199.158) - (351.835 + 0 + 86.189)
=3882.243

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Goldkey Technology for the quarter that ended in Dec. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1777.516/( ( (518.329 + max(2167.702, 0)) + (521.398 + max(3882.243, 0)) )/ 2 )
=1777.516/( ( 2686.031 + 4403.641 )/ 2 )
=1777.516/3544.836
=50.14 %

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

* 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.

What does a ROC (Joel Greenblatt) % of 50.14% mean?
Goldkey Technology (TPE:3135) has a ROC (Joel Greenblatt) % of 50.14% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Goldkey Technology and its competitors. This is 375% above median its historical median of 10.56. Over the past decade, Goldkey Technology's ROC (Joel Greenblatt) % has ranged from 2.68 to 26.20. According to the industry distribution chart, Goldkey Technology ranks #333 out of 1027 companies in the Semiconductors industry, placing it in the top 32.4%.
Is Goldkey Technology's ROC (Joel Greenblatt) % too high?
Goldkey Technology's current ROC (Joel Greenblatt) % of 50.14% is 375% above median its 10-year median of 10.56. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 26.20. The Semiconductors industry median ROC (Joel Greenblatt) % is 8.36. Goldkey Technology's value of 50.14% is 499.8% above this industry median. Based on the distribution chart, Goldkey Technology ranks #333 out of 1027 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Goldkey Technology has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Goldkey Technology's ROC (Joel Greenblatt) % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Goldkey Technology ranks #333 out of 1027 companies for ROC (Joel Greenblatt) %. This puts Goldkey Technology in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 8.36. Goldkey Technology's value of 50.14% is 499.8% above this benchmark. Historically, Goldkey Technology's own ROC (Joel Greenblatt) % has ranged from 2.68 to 26.20 over the past decade. While the company's 10-year median is 10.56 vs. the industry median of 8.36, Goldkey Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Semiconductors company?
The median ROC (Joel Greenblatt) % among Semiconductors companies is 8.36, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Goldkey Technology's current ROC (Joel Greenblatt) % of 50.14% is 499.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Goldkey Technology and its competitors. For the Semiconductors industry, the median ROC (Joel Greenblatt) % is 8.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldkey Technology's current ROC (Joel Greenblatt) % is 50.14%, which is 375% above median its own 10-year median of 10.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldkey Technology stock overvalued right now?
Goldkey Technology (TPE:3135) has a current ROC (Joel Greenblatt) % of 50.14%. The current ROC (Joel Greenblatt) % is 50.14%, which is 375% above median its 10-year median of 10.56 and 499.8% above the Semiconductors industry median of 8.36. Goldkey Technology's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Goldkey Technology (TPE:3135), the current ROC (Joel Greenblatt) % is 50.14% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Goldkey Technology Business Description

Address No. 101, Zhongyuan Street, 10 Floor, Zhonghe District, New Taipei City, TWN, 235
Goldkey Technology Corp mainly engaged in the research, design, manufacturing and sales of IC cards, card reader chipsets and related integrated circuits. The company's products and services includes Dynamic Random-Access Memory (DRAM) products, Flash memory products, and Miscellaneous components. Its solutions are Data Centre, Desktop/Notebook, Embedded Storage Product. The company has only One reportable segment. The company has presence in Taiwan, USA, China (including Hong Kong), and Other. The company generates majority of revenue from Taiwan.
45GF Score

Get the complete analysis for TPE:3135

ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$156.00
Price