Global Lighting Technologies (TPE:4935) ROCE % : 6.08% (As of Mar. 2024)

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What is Global Lighting Technologies 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. Global Lighting Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.08%.

Global Lighting Technologies ROCE % Historical Data

The historical data trend for Global Lighting Technologies'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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Global Lighting Technologies ROCE % Chart

Global Lighting Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.43

19.61

16.31

13.36

4.72

Global Lighting Technologies 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															-3.99	11.81	7.18	4.31	6.08

Global Lighting Technologies ROCE % Calculation

Global Lighting Technologies'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 )
	=	421.834	/	( ( (11838.444 - 2668.75)	+	(10017.729 - 1299.446) )	/ 2 )
	=	421.834	/	( (9169.694	+	8718.283)	/ 2 )
	=	421.834	/	8943.9885
	=	4.72 %

Global Lighting Technologies'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 )
	=	540.228	/	( ( (10017.729 - 1299.446)	+	(10533.257 - 1483.552) )	/ 2 )
	=	540.228	/	( ( 8718.283	+	9049.705 )	/ 2 )
	=	540.228	/	8883.994
	=	6.08 %

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

Global Lighting Technologies (TPE:4935) 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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Global Lighting Technologies (TPE:4935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Global Lighting Technologies Inc (TPE:4935) » Definitions » ROCE %

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Address

No. 1149, Section 3, Minquan Road, Zhongli District, Taoyuan City, TWN

Website

https://www.glthome.com

Global Lighting Technologies Inc is engaged in the design, manufacturing, and sales of applications of light guide plates, the development of optical molds, and the manufacturing, and sales of plastic components. The company has two reportable segments; the Department of light guide plates applications which provide the service of manufacturing and sales of related application products such as light guide plates, and the Department of plastic components which provides the service of design, manufacturing, and sales of plastic components. Geographically, the company operates in Asia, America, and Others, out of which it earns a majority of its revenue from Asia.

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