Gloria Technology LLC (BJSE:831641) ROCE % : 4.60% (As of Jun. 2024)

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What is Gloria Technology LLC 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. Gloria Technology LLC's annualized ROCE % for the quarter that ended in Jun. 2024 was 4.60%.

Gloria Technology LLC ROCE % Historical Data

The historical data trend for Gloria Technology LLC'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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Gloria Technology LLC ROCE % Chart

Gloria Technology LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.56

20.88

23.26

28.02

8.68

Gloria Technology LLC Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															10.76	4.30	-3.34	-5.49	4.60

Gloria Technology LLC ROCE % Calculation

Gloria Technology LLC'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 )
	=	34.242	/	( ( (725.805 - 332.248)	+	(623.254 - 228.171) )	/ 2 )
	=	34.242	/	( (393.557	+	395.083)	/ 2 )
	=	34.242	/	394.32
	=	8.68 %

Gloria Technology LLC's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	17.676	/	( ( (617.74 - 227.802)	+	(639.002 - 260.166) )	/ 2 )
	=	17.676	/	( ( 389.938	+	378.836 )	/ 2 )
	=	17.676	/	384.387
	=	4.60 %

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

Gloria Technology LLC (BJSE:831641) 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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Gloria Technology LLC Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 30 Kunlun Road, High-tech Industrial Development Zone, Greer Digital Technology Industrial Park, Jiangsu Province, Xuzhou City, CHN, 221116

Website

http://www.gloriatechnology.com

Gloria Technology LLC engages in research and development, production, and sales of lighting products and magnetic devices. Its products comprise intelligent control systems, sensors, various electronic transformers, switching power supplies, a full range of electronic ballasts, inverters, indoor and outdoor lighting fixtures, explosion-proof lamps, photovoltaic power generation equipment, communication system equipment.

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