GTII (Global Tech Industries Group) ROCE %: -1,115.94% (As of Dec. 2023)


What is Global Tech Industries Group ROCE %?

Global Tech Industries Group GTII ROCE % is -1,115.94% as of Dec. 2023.

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. Global Tech Industries Group's annualized ROCE % for the quarter that ended in Dec. 2023 was -1,115.94%.

Global Tech Industries Group  (OTCPK:GTII) 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.

Global Tech Industries Group ROCE % Related Terms

Global Tech Industries Group ROCE % Historical Data

* Premium members only.

The historical data trend for Global Tech Industries 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.

Global Tech Industries Group ROCE % Chart

Global Tech Industries Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -6,521.74 -165.67 -1,626.43

Global Tech Industries Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -294.52 -2,054.44 -217.91 0.23 -1,115.94

Global Tech Industries Group ROCE % Calculation

Global Tech Industries Group'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 )
=-97.797/( ( (18.347 - 4.052) + (1.276 - 3.545) )/ 2 )
=-97.797/( (14.295+-2.269)/ 2 )
=-97.797/6.013
=-1,626.43 %

Global Tech Industries Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=-71.264/( ( (17.867 - 2.826) + (1.276 - 3.545) )/ 2 )
=-71.264/( ( 15.041 + -2.269 )/ 2 )
=-71.264/6.386
=-1,115.94 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -1,115.94% mean?
Global Tech Industries Group (GTII) has a ROCE % of -1,115.94% as of Dec. 2023.
Is Global Tech Industries Group's ROCE % too high?
Global Tech Industries Group's current ROCE % is -1,115.94%.
How does Global Tech Industries Group's ROCE % compare to EFSH and SNTE?
Global Tech Industries Group's ROCE % of -1,115.94% can be compared against companies in the Conglomerates industry. The industry median ROCE % is 6.92. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Conglomerates company?
The median ROCE % among Conglomerates companies is 6.92, based on 556 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Conglomerates industry, the median ROCE % is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Tech Industries Group's current ROCE % is -1,115.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Tech Industries Group stock overvalued right now?
Global Tech Industries Group (GTII) has a current ROCE % of -1,115.94%. The current ROCE % is -1,115.94%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Global Tech Industries Group (GTII), the current ROCE % is -1,115.94% as of Dec. 2023. 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.

Global Tech Industries Group Business Description

Address 511 Sixth Avenue, Suite 800, New York, NY, USA, 10011
Global Tech Industries Group Inc currently has no operations. It is seeking opportunities to utilize its intellectual properties and relationships with valued business associates.