GSUN (Golden Sun Health Technology Group) ROCE % : -41.39% (As of Mar. 2024)

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What is Golden Sun Health Technology Group 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. Golden Sun Health Technology Group's annualized ROCE % for the quarter that ended in Mar. 2024 was -41.39%.

Golden Sun Health Technology Group ROCE % Historical Data

The historical data trend for Golden Sun Health Technology Group'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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Golden Sun Health Technology Group ROCE % Chart

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

-62.88

-54.48

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial					-	-245.92	-60.60	-39.86	-41.39

Golden Sun Health Technology Group ROCE % Calculation

Golden Sun Health Technology Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-5.312	/	( ( (23.439 - 12.569)	+	(19.448 - 10.816) )	/ 2 )
	=	-5.312	/	( (10.87	+	8.632)	/ 2 )
	=	-5.312	/	9.751
	=	-54.48 %

Golden Sun Health Technology Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	-3.088	/	( ( (19.448 - 10.816)	+	(16.44 - 10.152) )	/ 2 )
	=	-3.088	/	( ( 8.632	+	6.288 )	/ 2 )
	=	-3.088	/	7.46
	=	-41.39 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Golden Sun Health Technology Group (NAS:GSUN) 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.

Golden Sun Health Technology Group ROCE % Related Terms

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Golden Sun Health Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Golden Sun Health Technology Group Ltd (NAS:GSUN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

390 East Tiyuhui road, 8th Floor, Administration Building, Hongkou District, Shanghai, CHN

Website

https://www.jtyjyjt.com

Golden Sun Health Technology Group Ltd is engaged in the provision of education and management services in the People's Republic of China. It offers tutorial centers for children and adults, one educational company that partners with high schools to offer language classes to their students, and one logistics company that provides logistic and consulting services. The company operates in two segments; Education segment and the Wellness segment. Majority of the revenue is generated from the Education segment which offers foreign language tutorial services and other education training management services in China. The wellness segment offers wellness service and related products.