Googol Technology Co (SZSE:301510) ROCE % : 1.73% (As of Mar. 2024)

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What is Googol Technology 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. Googol Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.73%.

Googol Technology Co ROCE % Historical Data

The historical data trend for Googol Technology 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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Googol Technology Co ROCE % Chart

Googol Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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15.85

10.44

14.16

8.28

5.49

Googol Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial										1.09	10.30	3.56	7.71	1.73

Googol Technology Co ROCE % Calculation

Googol Technology Co'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 )
	=	55.066	/	( ( (845.375 - 103.101)	+	(1375.747 - 112.436) )	/ 2 )
	=	55.066	/	( (742.274	+	1263.311)	/ 2 )
	=	55.066	/	1002.7925
	=	5.49 %

Googol Technology Co'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: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	22.008	/	( ( (1375.747 - 112.436)	+	(1400.356 - 124.504) )	/ 2 )
	=	22.008	/	( ( 1263.311	+	1275.852 )	/ 2 )
	=	22.008	/	1269.5815
	=	1.73 %

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

Googol Technology Co (SZSE:301510) 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.

Googol Technology Co ROCE % Related Terms

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Googol Technology Co (SZSE:301510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Googol Technology Co Ltd (SZSE:301510) » Definitions » ROCE %

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Address

Shenzhen-Hong Kong Industry-University-Research Base, Room W211, 2nd Floor, West Building, High-tech Zone, Nanshan, South District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.googoltech.com.cn

Googol Technology Co Ltd a high-tech enterprise engaged in the research and development of manufacturing core technologies, is one of the comprehensive solution providers for fully interconnected intelligent manufacturing at home and abroad. Googol Technology focuses on the core technology research in the five directions of motion control, servo drive, multi-dimensional perception, industrial field network and industrial software. The operation and control technology and products of Googol Technology are widely used in industrial control fields such as microelectronics, robots, CNC machine tools, electronic processing, testing, printing, packaging and production automation.

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