Union (XKRX:000910) ROCE % : 18.61% (As of Dec. 2023)

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What is Union 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. Union's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.61%.

Union ROCE % Historical Data

The historical data trend for Union'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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Union ROCE % Chart

Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-6.57

11.40

7.00

-2.67

4.11

Union Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-12.86	24.91	16.53	-0.84	18.61

Union ROCE % Calculation

Union'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 )
	=	9743.66	/	( ( (376111.723 - 132962.187)	+	(382846.277 - 152236.383) )	/ 2 )
	=	9743.66	/	( (243149.536	+	230609.894)	/ 2 )
	=	9743.66	/	236879.715
	=	4.11 %

Union'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	43797.644	/	( ( (399799.916 - 159776.296)	+	(382846.277 - 152236.383) )	/ 2 )
	=	43797.644	/	( ( 240023.62	+	230609.894 )	/ 2 )
	=	43797.644	/	235316.757
	=	18.61 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Union (XKRX:000910) 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.

Union ROCE % Related Terms

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Union (XKRX:000910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Union Corp (XKRX:000910) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

94, Sogong-ro, Jung-gu, 13th Floor Oriental Chemical Building, Seoul, KOR, 04532

Website

http://www.unioncement.com

Union Corp is engaged in the production of cement and rare metal such as vanadium and molybdenum. The company is a member of OCI Group. Its products ranges from building materials, refractory materials, civil construction materials, filtering devices and metal recycling, and ozone systems.

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