GMI Technology (TPE:3312) ROCE %: 19.61% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3312 GMI Technology Inc TPE:3312
79 GF Score
Price NT$52.20
GF Value NT$41.52
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is GMI Technology ROCE %?

GMI Technology TPE:3312 -1.51% 79 ROCE % is 19.61% as of Mar. 2026. GuruFocus rates TPE:3312 with a GF Score™ of 79/100 and a GF Value™ of NT$41.52 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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. GMI Technology's annualized ROCE % for the quarter that ended in Mar. 2026 was 19.61%.


GMI Technology  (TPE:3312) 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.


GMI Technology ROCE % Related Terms


GMI Technology ROCE % Historical Data

* Premium members only.

The historical data trend for GMI Technology'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.

GMI Technology ROCE % Chart

GMI Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.50 26.13 16.19 15.53 9.70

GMI Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.59 -25.78 21.92 23.17 19.61
TPE:3312
79GF Score
GMI Technology Inc TPE:3312
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GMI Technology ROCE % Calculation

GMI Technology's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=450.55/( ( (10390.454 - 6250.397) + (11199.627 - 6054.073) )/ 2 )
=450.55/( (4140.057+5145.554)/ 2 )
=450.55/4642.8055
=9.70 %

GMI Technology's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=1004.388/( ( (11199.627 - 6054.073) + (12207.79 - 7108.42) )/ 2 )
=1004.388/( ( 5145.554 + 5099.37 )/ 2 )
=1004.388/5122.462
=19.61 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 19.61% mean?
GMI Technology (TPE:3312) has a ROCE % of 19.61% as of Mar. 2026.
Is GMI Technology's ROCE % too high?
GMI Technology's current ROCE % is 19.61%. The Hardware industry median ROCE % is 6.09. GMI Technology's value of 19.61% is 222.3% above this industry median. Overall, GMI Technology has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GMI Technology's ROCE % compare to SNX and ARW?
GMI Technology's ROCE % of 19.61% can be compared against companies in the Hardware industry. The industry median ROCE % is 6.09. GMI Technology's value of 19.61% is 222.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 6.09, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GMI Technology's current ROCE % of 19.61% is 222.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 6.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GMI Technology's current ROCE % is 19.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GMI Technology stock overvalued right now?
Based on GuruFocus' analysis, GMI Technology (TPE:3312) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.52, compared to a current price of NT$52.20 — trading 25.7% above its estimated fair value. The current ROCE % is 19.61% and 222.3% above the Hardware industry median of 6.09. GMI Technology's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For GMI Technology (TPE:3312), the current ROCE % is 19.61% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GMI Technology (TPE:3312) Overvalued in 2026?

Based on GuruFocus' analysis, GMI Technology stock appears to be overvalued. The current stock price of NT$52.20 is trading 25.7% above its estimated GF Value™ of NT$41.52. GuruFocus considers GMI Technology to be Modestly Overvalued.

Key valuation signals for TPE:3312:

  • ROCE %: 19.61%
  • GF Value™: NT$41.52 vs. price of NT$52.20 (25.7% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 222.3% above the Hardware median

No single metric tells the full story. See the TPE:3312 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GMI Technology Business Description

Address No. 57, Xingzhong Road, 2nd Floor, Neihu District, Taipei, TWN, 114
G M I Technology Inc is an electronics component distributor and application solutions provider in Taiwan. The company and its subsidiaries operate in the trading and manufacturing of electronic equipment and components, computer software development, machinery and equipment rental, and related business services. Its products include consumer electronics, home appliances, information technology, and networking, data and telecommunications, industrial, and power solutions. The company generates maximum revenue from Digital Communication Solutions and Components. Geographically, it derives a majority of its revenue from China followed by Taiwan, United states and others.
79GF Score

Get the complete analysis for TPE:3312

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$52.20
Price
NT$41.52
GF Value