GCL System Integration Technology Co (SZSE:002506) ROCE % : 5.36% (As of Mar. 2024)

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What is GCL System Integration 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. GCL System Integration Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.36%.

GCL System Integration Technology Co ROCE % Historical Data

The historical data trend for GCL System Integration 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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GCL System Integration Technology Co ROCE % Chart

GCL System Integration Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.36

-35.77

-39.16

8.44

5.87

GCL System Integration Technology Co 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															8.72	13.17	7.33	3.47	5.36

GCL System Integration Technology Co ROCE % Calculation

GCL System Integration 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 )
	=	311.665	/	( ( (10239.55 - 6944.284)	+	(19109.368 - 11786.008) )	/ 2 )
	=	311.665	/	( (3295.266	+	7323.36)	/ 2 )
	=	311.665	/	5309.313
	=	5.87 %

GCL System Integration 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 )
	=	392.312	/	( ( (19109.368 - 11786.008)	+	(20536.735 - 13212.058) )	/ 2 )
	=	392.312	/	( ( 7323.36	+	7324.677 )	/ 2 )
	=	392.312	/	7324.0185
	=	5.36 %

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

GCL System Integration Technology Co (SZSE:002506) 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.

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GCL System Integration Technology Co (SZSE:002506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL System Integration Technology Co Ltd (SZSE:002506) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Industrial Park Xinqing Road on the 28th, Jiangsu Province, Suzhou, CHN

Website

http://www.gclsi.com

GCL System Integration Technology Co Ltd is an energy conglomerate specializing in clean and sustainable power production. The company offers a wide range of products for a variety of application environments, including modules of standard 60/72-piece, dual-glass, high-efficiency polysilicon PERC, and half-cell. It has a business footprint across 31 provinces, municipalities and autonomous regions of mainland China, Hong Kong, Taiwan, as well as Africa, North America, Southeast Asia and Europe.

GCL System Integration Technology Co (SZSE:002506) Headlines

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