Gallant Micro Machining Co (ROCO:6640) ROCE % : 36.33% (As of Dec. 2024)

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What is Gallant Micro Machining 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. Gallant Micro Machining Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 36.33%.

Gallant Micro Machining Co ROCE % Historical Data

The historical data trend for Gallant Micro Machining 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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Gallant Micro Machining Co ROCE % Chart

Gallant Micro Machining Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.73

16.74

22.57

8.96

28.54

Gallant Micro Machining Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															18.65	44.08	18.43	15.00	36.33

Gallant Micro Machining Co ROCE % Calculation

Gallant Micro Machining Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	536.968	/	( ( (3357.426 - 1794.399)	+	(3864.077 - 1663.618) )	/ 2 )
	=	536.968	/	( (1563.027	+	2200.459)	/ 2 )
	=	536.968	/	1881.743
	=	28.54 %

Gallant Micro Machining Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	784.276	/	( ( (3522.649 - 1406.16)	+	(3864.077 - 1663.618) )	/ 2 )
	=	784.276	/	( ( 2116.489	+	2200.459 )	/ 2 )
	=	784.276	/	2158.474
	=	36.33 %

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

Gallant Micro Machining Co (ROCO:6640) 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.

Gallant Micro Machining Co ROCE % Related Terms

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Gallant Micro Machining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gallant Micro Machining Co Ltd (ROCO:6640) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

No.2-1, Minsgeng Street, Tucheng District, New Taipei City, TWN, 23679

Website

https://www.gmmcorp.com.tw

Gallant Micro Machining Co Ltd is a Taiwan based system supplier for electronics and semiconductors. The business of the company is the production and sales of machinery and equipment, precision molds and other parts and components.

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