MDS Tech (XKRX:086960) ROCE % : 7.69% (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is MDS Tech 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. MDS Tech's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.69%.

MDS Tech ROCE % Historical Data

The historical data trend for MDS Tech'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.

* Premium members only.

MDS Tech ROCE % Chart

MDS Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

1.35

4.49

2.39

2.12

2.47

MDS Tech 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															11.16	7.94	9.18	-17.24	7.69

MDS Tech ROCE % Calculation

MDS Tech'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 )
	=	2834.681	/	( ( (159467.93 - 50302.473)	+	(174101.176 - 53485.225) )	/ 2 )
	=	2834.681	/	( (109165.457	+	120615.951)	/ 2 )
	=	2834.681	/	114890.704
	=	2.47 %

MDS Tech'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 )
	=	9388.352	/	( ( (174101.176 - 53485.225)	+	(165560.525 - 41854.287) )	/ 2 )
	=	9388.352	/	( ( 120615.951	+	123706.238 )	/ 2 )
	=	9388.352	/	122161.0945
	=	7.69 %

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

MDS Tech (XKRX:086960) 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.

MDS Tech ROCE % Related Terms

Thank you for viewing the detailed overview of MDS Tech's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

MDS Tech (XKRX:086960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MDS Tech Inc (XKRX:086960) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

49 Daewangpangyo-ro 644beon-gil, 9th Floor, DTC Tower, Bundang-gu, Gyeonggi-do, Seongnam, KOR, 13493

Website

https://www.mdstech.co.kr

MDS Tech Inc is a South Korea-based company engaged in the provision of embedded software development and other solutions. It offers various solutions including SW Development Tools, Embedded Solutions, IoT and AI and Embedded Education and services.

MDS Tech (XKRX:086960) Headlines

No Headlines