Gudeng Equipment Co (ROCO:6953) ROCE % : 38.40% (As of Mar. 2024)

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What is Gudeng Equipment 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. Gudeng Equipment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 38.40%.

Gudeng Equipment Co ROCE % Historical Data

The historical data trend for Gudeng Equipment 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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Gudeng Equipment Co ROCE % Chart

Gudeng Equipment Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

54.73

50.78

65.12

41.51

Gudeng Equipment Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					45.48	59.57	57.39	5.16	38.40

Gudeng Equipment Co ROCE % Calculation

Gudeng Equipment 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 )
	=	278.048	/	( ( (1655.098 - 1083.569)	+	(1880.714 - 1112.712) )	/ 2 )
	=	278.048	/	( (571.529	+	768.002)	/ 2 )
	=	278.048	/	669.7655
	=	41.51 %

Gudeng Equipment 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 )
	=	280.004	/	( ( (1880.714 - 1112.712)	+	(1854.035 - 1163.633) )	/ 2 )
	=	280.004	/	( ( 768.002	+	690.402 )	/ 2 )
	=	280.004	/	729.202
	=	38.40 %

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

Gudeng Equipment Co (ROCO:6953) 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.

Gudeng Equipment Co ROCE % Related Terms

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Gudeng Equipment Co (ROCO:6953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Gudeng Equipment Co Ltd (ROCO:6953) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 117, Section 1, Jiafeng 11th Road, Hsinchu County, Zhubei City, TWN, 302052

Website

https://www.gdauto.com.tw

Gudeng Equipment Co Ltd offers EUV photomasks and high-end photomask transfer automation technology solutions in semiconductor manufacturing processes. The product offerings comprise photomask cleaning, exchange, and inspection, as well as micro-environment storage and smart warehouse management.

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