dhSteel (XKRX:021045) ROCE % : 10.36% (As of Mar. 2024)

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What is dhSteel 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. dhSteel's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.36%.

dhSteel ROCE % Historical Data

The historical data trend for dhSteel'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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dhSteel ROCE % Chart

dhSteel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.45

-28.89

9.56

2.11

2.52

dhSteel 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															-10.95	8.42	10.18	4.78	10.36

dhSteel ROCE % Calculation

dhSteel'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 )
	=	2140.468	/	( ( (217963.292 - 124219.03)	+	(201687.058 - 125315.026) )	/ 2 )
	=	2140.468	/	( (93744.262	+	76372.032)	/ 2 )
	=	2140.468	/	85058.147
	=	2.52 %

dhSteel'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 )
	=	7674.588	/	( ( (201687.058 - 125315.026)	+	(214907.55 - 143118.114) )	/ 2 )
	=	7674.588	/	( ( 76372.032	+	71789.436 )	/ 2 )
	=	7674.588	/	74080.734
	=	10.36 %

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

dhSteel (XKRX:021045) 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.

dhSteel ROCE % Related Terms

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dhSteel (XKRX:021045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » dhSteel (XKRX:021045) » Definitions » ROCE %

Traded in Other Exchanges

021040:Korea

Address

13, Sanmakgongdanbuk 4-gil, Yangsan-si, Gyeongsangnam-do, KOR

Website

http://www.dhstl.co.kr

dhSteel is a South Korea-based company that engages in the manufacture and sale of wires and steel pipes. It offers cold-heading quality (CHQ) wires, stainless steel wires, scrubber wires, spring wires, free cutting wires, cold-drawn bars, and straightened bars.

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