Goke Microelectronics Co (SZSE:300672) ROCE % : 2.96% (As of Mar. 2024)

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What is Goke Microelectronics 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. Goke Microelectronics Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 2.96%.

Goke Microelectronics Co ROCE % Historical Data

The historical data trend for Goke Microelectronics 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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Goke Microelectronics Co ROCE % Chart

Goke Microelectronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.82

5.43

17.43

4.40

1.88

Goke Microelectronics 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															3.76	3.53	-3.01	3.18	2.96

Goke Microelectronics Co ROCE % Calculation

Goke Microelectronics 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 )
	=	82.085	/	( ( (8493.571 - 4272.925)	+	(7340.271 - 2826.976) )	/ 2 )
	=	82.085	/	( (4220.646	+	4513.295)	/ 2 )
	=	82.085	/	4366.9705
	=	1.88 %

Goke Microelectronics 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 )
	=	134.564	/	( ( (7340.271 - 2826.976)	+	(7941.845 - 3358.096) )	/ 2 )
	=	134.564	/	( ( 4513.295	+	4583.749 )	/ 2 )
	=	134.564	/	4548.522
	=	2.96 %

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

Goke Microelectronics Co (SZSE:300672) 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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Goke Microelectronics Co (SZSE:300672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Goke Microelectronics Co Ltd (SZSE:300672) » Definitions » ROCE %

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Address

No.9, Dongjie Road, Economic and Technological Development Zone, Hunan, Changsha, CHN, 410131

Website

http://www.goke.com

Goke Microelectronics Co Ltd is an integrated circuit design enterprise based in China. The company develops chips and solution for digital cable, satellite, DTMB, and internet. It also provides professional services such as especially application platform, reference design and coordinate software systems. Its other product range consists of NDS advanced security decoding chip, H.265 high-definition chip, high-end acoustic chip, Wi-Fi chip, the high-end solid storage controlling chip and high-definition security monitor chip.

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