Gigastorage (TPE:2406) ROCE % : 1.54% (As of Mar. 2024)

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What is Gigastorage 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. Gigastorage's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.54%.

Gigastorage ROCE % Historical Data

The historical data trend for Gigastorage'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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Gigastorage ROCE % Chart

Gigastorage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.25

-2.63

-1.74

-3.45

-9.16

Gigastorage Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															-7.70	-8.76	-1.60	-18.74	1.54

Gigastorage ROCE % Calculation

Gigastorage'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 )
	=	-1116.805	/	( ( (15329.27 - 3045.33)	+	(14908.442 - 2818.858) )	/ 2 )
	=	-1116.805	/	( (12283.94	+	12089.584)	/ 2 )
	=	-1116.805	/	12186.762
	=	-9.16 %

Gigastorage'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 )
	=	186.496	/	( ( (14908.442 - 2818.858)	+	(16313.713 - 4217.386) )	/ 2 )
	=	186.496	/	( ( 12089.584	+	12096.327 )	/ 2 )
	=	186.496	/	12092.9555
	=	1.54 %

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

Gigastorage (TPE:2406) 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.

Gigastorage ROCE % Related Terms

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Gigastorage (TPE:2406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gigastorage Corp (TPE:2406) » Definitions » ROCE %

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N/A

Address

No. 3, Industrial kung yen1st Road, Hsinchu industrial park, Hukou Township, Hsinchu, TWN, 30351

Website

http://www.gigastorage.com.tw

Gigastorage Corp is a Taiwan-based manufacturer of optoelectronic materials and silicon products. Its products include photovoltaic multi-crystalline wafers, photovoltaic ribbons, low temperature die attach pastes, insulation pastes, blood glucose strip conductive pastes and other biotech materials, photovoltaic systems, solar power stations, high efficiency coated milling cutters, and coated drills. A majority of the firm's revenue is generated in the Asia-Pacific region, with the rest coming from countries across the world.

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