Hanmi Global Co (XKRX:053690) ROCE % : 3.67% (As of Dec. 2023)

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What is Hanmi Global 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. Hanmi Global Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.67%.

Hanmi Global Co ROCE % Historical Data

The historical data trend for Hanmi Global 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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Hanmi Global Co ROCE % Chart

Hanmi Global Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.54

10.35

13.56

16.57

9.53

Hanmi Global 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															22.01	13.34	10.27	10.94	3.67

Hanmi Global Co ROCE % Calculation

Hanmi Global 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 )
	=	25270.423	/	( ( (373059.66 - 133279.908)	+	(398871.055 - 108140.102) )	/ 2 )
	=	25270.423	/	( (239779.752	+	290730.953)	/ 2 )
	=	25270.423	/	265255.3525
	=	9.53 %

Hanmi Global 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 )
	=	10970.828	/	( ( (424789.299 - 118172.457)	+	(398871.055 - 108140.102) )	/ 2 )
	=	10970.828	/	( ( 306616.842	+	290730.953 )	/ 2 )
	=	10970.828	/	298673.8975
	=	3.67 %

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

Hanmi Global Co (XKRX:053690) 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.

Hanmi Global Co ROCE % Related Terms

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Hanmi Global Co (XKRX:053690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hanmi Global Co Ltd (XKRX:053690) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9th & 11th Floor, City Air Tower Building, 36, Teheran-ro 87-gil, Gangnam-gu, Seoul, KOR

Website

http://www.hmglobal.com

Hanmi Global Co Ltd operates as an engineering, construction, and project management company. The company's project management services include planning, feasibility study, design management, procurement, construction, and maintenance services.

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