Goertek (SZSE:002241) ROCE % : 5.14% (As of Dec. 2024)

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What is Goertek 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. Goertek's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.14%.

Goertek ROCE % Historical Data

The historical data trend for Goertek'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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Goertek ROCE % Chart

Goertek Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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15.98

16.62

5.51

3.57

8.57

Goertek 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															2.79	5.12	9.98	14.50	5.14

Goertek ROCE % Calculation

Goertek'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 )
	=	3346.032	/	( ( (73744.409 - 33442.091)	+	(82706.773 - 44956.955) )	/ 2 )
	=	3346.032	/	( (40302.318	+	37749.818)	/ 2 )
	=	3346.032	/	39026.068
	=	8.57 %

Goertek'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 )
	=	1939.228	/	( ( (81377.679 - 43633.021)	+	(82706.773 - 44956.955) )	/ 2 )
	=	1939.228	/	( ( 37744.658	+	37749.818 )	/ 2 )
	=	1939.228	/	37747.238
	=	5.14 %

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

Goertek (SZSE:002241) 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.

Goertek ROCE % Related Terms

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Goertek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goertek Inc (SZSE:002241) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 268 Dongfang Road, Weifang High-tech Industrial Development Zone, Shandong Province, Weifang, Shandong, CHN, 261031

Website

https://www.goertek.com

Goertek Inc is engaged in precision components like acoustics, sensors, optoelectronics, 3D package modules, augmented reality, smart wear, and intelligent audio.

Executives

Jia Jun An	Directors, executives
Jiang Bin	Director
Sun Hong Bin	Supervisors
Duan Hui Lu	Directors, executives
Liu Chun Fa	Executives
Jiang Long	Directors, executives
Yu Da Chao	Executives
Gong Jian Tang	Directors, executives
Jiang Hong Zhai	Executives
Xu Hai Zhong	Directors, executives
Xiao Ming Yu	Executives
Yao Rong Guo	Supervisors
Sun Wei Hua	Directors, executives
Song Qing Lin	Supervisors
Hu Shuang Mei	Executives

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