GCOM Technology Co (BJSE:838924) ROCE % : 10.25% (As of Jun. 2024)

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What is GCOM Technology 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. GCOM Technology Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 10.25%.

GCOM Technology Co ROCE % Historical Data

The historical data trend for GCOM Technology 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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GCOM Technology Co ROCE % Chart

GCOM Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.83

22.64

16.22

7.70

9.41

GCOM Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															9.72	10.78	10.11	9.58	10.25

GCOM Technology Co ROCE % Calculation

GCOM Technology 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 )
	=	31.922	/	( ( (518.553 - 216.37)	+	(636.333 - 259.864) )	/ 2 )
	=	31.922	/	( (302.183	+	376.469)	/ 2 )
	=	31.922	/	339.326
	=	9.41 %

GCOM Technology Co'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 )
	=	41.212	/	( ( (665.777 - 269.366)	+	(848.647 - 440.835) )	/ 2 )
	=	41.212	/	( ( 396.411	+	407.812 )	/ 2 )
	=	41.212	/	402.1115
	=	10.25 %

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

GCOM Technology Co (BJSE:838924) 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.

GCOM Technology Co ROCE % Related Terms

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GCOM Technology Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » GCOM Technology Co Ltd (BJSE:838924) » Definitions » ROCE %

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Address

No. 101, Binkang Road, Xixing Street, Room 605, 606, 608, Building 7, Binjiang District, Zhejiang Province, Hangzhou City, CHN, 310051

Website

http://www.gcomtechnology.com

GCOM Technology Co Ltd is a comprehensive solution provider dedicated to providing information and communication technology. The firm's solutions comprise Information and communication system integration, ICT industry application, asset operation service, and digital content service. It mainly offers information system integration services; 5G communication technology services; rail transit communication signal system development; contract energy management; energy-saving management services; technical services, technology development, technical consulting, technical exchanges, technology transfers, and technology promotion, among others.

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