GMTH (GMTech) ROCE % : -14.35% (As of Oct. 2024)

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What is GMTech 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. GMTech's annualized ROCE % for the quarter that ended in Oct. 2024 was -14.35%.

GMTech ROCE % Historical Data

The historical data trend for GMTech'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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GMTech ROCE % Chart

GMTech Annual Data

Trend

Oct23

Oct24

ROCE %

150.00

-59.46

GMTech Quarterly Data
	Jul23	Oct23	Jul24	Oct24
ROCE %	-	-3,600.00	-41.38	-14.35

GMTech ROCE % Calculation

GMTech's annualized ROCE % for the fiscal year that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2024 )		(A: Oct. 2023 )		(A: Oct. 2024 )
	=	-0.033	/	( ( (0.024 - 0.022)	+	(0.117 - 0.008) )	/ 2 )
	=	-0.033	/	( (0.002	+	0.109)	/ 2 )
	=	-0.033	/	0.0555
	=	-59.46 %

GMTech's ROCE % of for the quarter that ended in Oct. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Oct. 2024 )		(Q: Jul. 2024 )		(Q: Oct. 2024 )
	=	-0.016	/	( ( (0.114 - 0)	+	(0.117 - 0.008) )	/ 2 )
	=	-0.016	/	( ( 0.114	+	0.109 )	/ 2 )
	=	-0.016	/	0.1115
	=	-14.35 %

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

GMTech (OTCPK:GMTH) 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.

GMTech ROCE % Related Terms

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GMTech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GMTech Inc (OTCPK:GMTH) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

45 Rockefeller Plaza, 21st Floor, New York, NY, USA, 10111

Website

https://www.gmtech.fr

GMTech Inc is a holding company. Through its subsidiary, the company offers IT consulting services and development solutions for CRM systems, corporate websites, and mobile phone Apps. In addition to the IT consulting services, It is also planning to develop an automated and AI-powered development tool (AI-Development Tool) that can be used by small and medium businesses to design, develop, and maintain their CRM system, websites, and Apps more efficiently and automatically with fewer needs of external engineers and consultants.

GMTech Headlines

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