Polaris AI (XKRX:039980) ROCE % : 19.38% (As of Mar. 2024)

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What is Polaris AI 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. Polaris AI's annualized ROCE % for the quarter that ended in Mar. 2024 was 19.38%.

Polaris AI ROCE % Historical Data

The historical data trend for Polaris AI'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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Polaris AI ROCE % Chart

Polaris AI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.15

-6.82

1.43

-3.24

2.40

Polaris AI 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															3.70	4.80	3.19	-1.89	19.38

Polaris AI ROCE % Calculation

Polaris AI'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 )
	=	1774.426	/	( ( (98339.776 - 27331.591)	+	(95541.836 - 18926.97) )	/ 2 )
	=	1774.426	/	( (71008.185	+	76614.866)	/ 2 )
	=	1774.426	/	73811.5255
	=	2.40 %

Polaris AI'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 )
	=	16435.764	/	( ( (95541.836 - 18926.97)	+	(109873.32 - 16892.169) )	/ 2 )
	=	16435.764	/	( ( 76614.866	+	92981.151 )	/ 2 )
	=	16435.764	/	84798.0085
	=	19.38 %

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

Polaris AI (XKRX:039980) 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.

Polaris AI ROCE % Related Terms

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Polaris AI (XKRX:039980) Business Description

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Address

KIRA Building, 2 and 6 Floors, 317, Hyoryeon-ro, Seocho-gu, Seoul, KOR, 137-877

Website

http://www.leenos.co.kr

Leenos Corp engages in the service, manufacturing, construction, and wholesale/retail businesses in South Korea. It offers IT solutions, including integrated control systems, intelligent transport systems, and Internet of Things; system integration solutions, such as system construction, IT consulting, and integrated maintenance services; IT services comprising financial IT and radio communication services; and radio communication solutions, such as disaster safety and network train radio communications.

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