Gold Rain Enterprises (ROCO:4503) ROCE % : -7.08% (As of Sep. 2024)

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What is Gold Rain Enterprises 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. Gold Rain Enterprises's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.08%.

Gold Rain Enterprises ROCE % Historical Data

The historical data trend for Gold Rain Enterprises'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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Gold Rain Enterprises ROCE % Chart

Gold Rain Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.30

-2.88

-6.73

-8.08

-10.12

Gold Rain Enterprises Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.73	-14.13	-7.35	-1.34	-7.08

Gold Rain Enterprises ROCE % Calculation

Gold Rain Enterprises'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 )
	=	-78.069	/	( ( (759.368 - 127.571)	+	(990.921 - 79.678) )	/ 2 )
	=	-78.069	/	( (631.797	+	911.243)	/ 2 )
	=	-78.069	/	771.52
	=	-10.12 %

Gold Rain Enterprises's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-72.304	/	( ( (1032.064 - 112.512)	+	(1244.164 - 122.418) )	/ 2 )
	=	-72.304	/	( ( 919.552	+	1121.746 )	/ 2 )
	=	-72.304	/	1020.649
	=	-7.08 %

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

Gold Rain Enterprises (ROCO:4503) 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.

Gold Rain Enterprises ROCE % Related Terms

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Gold Rain Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gold Rain Enterprises Corp (ROCO:4503) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 411, Punei Street, No. 101, Yanhe Village, Changhua County, Changhua, TWN, 500024

Website

https://www.alona.com.tw

Gold Rain Enterprises Corp is a Taiwan-based manufacturer of vending machines. It offers various service machines comprising digital vending machines, post machines, digital photo printers, knocking gamers, lottery machines, parking ticket machines, and coin meters. In addition to the research and development and manufacturing of vending machines, it provides a complete line of mechanical foundry and assembly services with complete production line tools, such as various types of molds, punching beds, laser cutting, painting, welding, and assembly lines. Geographically, the company generates maximum revenue from Taiwan and the rest from other parts of Asia.

Gold Rain Enterprises Headlines

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