Samick Musical Instruments Co (XKRX:002450) ROCE % : 2.97% (As of Dec. 2023)

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What is Samick Musical Instruments 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. Samick Musical Instruments Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.97%.

Samick Musical Instruments Co ROCE % Historical Data

The historical data trend for Samick Musical Instruments 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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Samick Musical Instruments Co ROCE % Chart

Samick Musical Instruments Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.96

12.55

7.83

3.58

Samick Musical Instruments Co 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															-7.21	5.27	2.05	4.06	2.97

Samick Musical Instruments Co ROCE % Calculation

Samick Musical Instruments 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 )
	=	14051.341	/	( ( (521558.833 - 134468.493)	+	(534158.28 - 136862.827) )	/ 2 )
	=	14051.341	/	( (387090.34	+	397295.453)	/ 2 )
	=	14051.341	/	392192.8965
	=	3.58 %

Samick Musical Instruments Co'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 )
	=	11716.096	/	( ( (491557.783 - 100982.644)	+	(534158.28 - 136862.827) )	/ 2 )
	=	11716.096	/	( ( 390575.139	+	397295.453 )	/ 2 )
	=	11716.096	/	393935.296
	=	2.97 %

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

Samick Musical Instruments Co (XKRX:002450) 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.

Samick Musical Instruments Co ROCE % Related Terms

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Samick Musical Instruments Co (XKRX:002450) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samick Musical Instruments Co Ltd (XKRX:002450) » Definitions » ROCE %

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Address

1-6, Daejang-Ri, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872

Website

http://www.samick.co.kr

Samick Musical Instruments Co Ltd manufactures and sells musical instruments in South Korea. The company offers upright, grand, and digital pianos; and acoustic and electric guitars. It also provides other music instruments, including strings, such as violins, guitar and bass amplifiers, and cellos; wind instruments comprising amplifiers, flutes, trumpets, saxophones, clarinets, ocarinas, and harmonicas; percussion products covering drums; music stands; tuners; musical instruments for kids; metronomes; and P.A systems.

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