TN entertainment Co (XKRX:131100) ROCE % : 11.36% (As of Mar. 2024)

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What is TN entertainment 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. TN entertainment Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.36%.

TN entertainment Co ROCE % Historical Data

The historical data trend for TN entertainment 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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TN entertainment Co ROCE % Chart

TN entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Dec23

ROCE %

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-20.94

-87.17

-111.51

-20.91

-15.19

TN entertainment Co Quarterly Data
	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.66	55.76	9.00	-139.47	11.36

TN entertainment Co ROCE % Calculation

TN entertainment 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: Jun. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Jun. 2022 )		(A: Dec. 2023 )
	=	-11816.12	/	( ( (157995.31 - 70233.298)	+	(122810.204 - 54945.246) )	/ 2 )
	=	-11816.12	/	( (87762.012	+	67864.958)	/ 2 )
	=	-11816.12	/	77813.485
	=	-15.19 %

TN entertainment Co'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 )
	=	7768.836	/	( ( (122810.204 - 54945.246)	+	(123462.81 - 54524.85) )	/ 2 )
	=	7768.836	/	( ( 67864.958	+	68937.96 )	/ 2 )
	=	7768.836	/	68401.459
	=	11.36 %

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

TN entertainment Co (XKRX:131100) 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.

TN entertainment Co ROCE % Related Terms

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TN entertainment Co (XKRX:131100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TN entertainment Co Ltd (XKRX:131100) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2423-16, Geumsan-ro, Chubu-myeon, Geumsan-gun, Chungcheongnam-do, 271-4, Chujeong-ri, Geumsan, KOR

Website

http://www.lichem.co.kr

TN entertainment Co Ltd Formerly SKY E&M Co Ltd, is an Electronic chemical materials company. It manufactures materials for electrolyte and etchant used in process of LCD panel. The company's products include secondary battery electrolyte matrials, etchant addtive, oca film.

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