Koryo Electronics Co (ROCO:8032) ROCE % : -3.94% (As of Dec. 2023)

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What is Koryo Electronics 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. Koryo Electronics Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -3.94%.

Koryo Electronics Co ROCE % Historical Data

The historical data trend for Koryo Electronics 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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Koryo Electronics Co ROCE % Chart

Koryo Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.70

5.44

11.70

13.11

3.73

Koryo Electronics 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															0.48	4.23	7.41	7.09	-3.94

Koryo Electronics Co ROCE % Calculation

Koryo Electronics 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 )
	=	73.825	/	( ( (3433.535 - 1444.867)	+	(2864.75 - 893.994) )	/ 2 )
	=	73.825	/	( (1988.668	+	1970.756)	/ 2 )
	=	73.825	/	1979.712
	=	3.73 %

Koryo Electronics 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 )
	=	-78.408	/	( ( (2896.49 - 885.291)	+	(2864.75 - 893.994) )	/ 2 )
	=	-78.408	/	( ( 2011.199	+	1970.756 )	/ 2 )
	=	-78.408	/	1990.9775
	=	-3.94 %

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

Koryo Electronics Co (ROCO:8032) 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.

Koryo Electronics Co ROCE % Related Terms

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Koryo Electronics Co (ROCO:8032) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Koryo Electronics Co Ltd (ROCO:8032) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.79, Xintai 5th Road, Xintai 5th Road, 9th Floor, Section 1, Xizhi District, New Taipei City, TWN, 22101

Website

http://www.koryo.com.tw

Koryo Electronics Co Ltd is a Taiwan-based company that engages in the production and import/export of computers and computer peripherals. It is also involved in the manufacture and sale of electronic parts and components, electric appliances, and components.

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