Golden Insurance Brokers Co (ROCO:6028) ROCE % : 25.30% (As of Dec. 2023)

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What is Golden Insurance Brokers 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. Golden Insurance Brokers Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 25.30%.

Golden Insurance Brokers Co ROCE % Historical Data

The historical data trend for Golden Insurance Brokers 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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Golden Insurance Brokers Co ROCE % Chart

Golden Insurance Brokers Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.31

21.23

16.90

14.40

27.10

Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial											16.55	19.53	9.65	30.61	25.30

Golden Insurance Brokers Co ROCE % Calculation

Golden Insurance Brokers 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 )
	=	151.087	/	( ( (975.832 - 434.34)	+	(1226.678 - 653.238) )	/ 2 )
	=	151.087	/	( (541.492	+	573.44)	/ 2 )
	=	151.087	/	557.466
	=	27.10 %

Golden Insurance Brokers Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	138.944	/	( ( (1001.761 - 476.891)	+	(1226.678 - 653.238) )	/ 2 )
	=	138.944	/	( ( 524.87	+	573.44 )	/ 2 )
	=	138.944	/	549.155
	=	25.30 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Golden Insurance Brokers Co (ROCO:6028) 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.

Golden Insurance Brokers Co ROCE % Related Terms

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Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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