Samyang (XKRX:145990) ROCE % : 10.26% (As of Mar. 2024)

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What is Samyang 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. Samyang's annualized ROCE % for the quarter that ended in Mar. 2024 was 10.26%.

Samyang ROCE % Historical Data

The historical data trend for Samyang'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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Samyang ROCE % Chart

Samyang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.92

5.78

4.63

5.46

7.60

Samyang 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															7.08	8.62	10.23	5.25	10.26

Samyang ROCE % Calculation

Samyang'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 )
	=	183292.652	/	( ( (2949649.128 - 503590.88)	+	(3205001.055 - 824776.376) )	/ 2 )
	=	183292.652	/	( (2446058.248	+	2380224.679)	/ 2 )
	=	183292.652	/	2413141.4635
	=	7.60 %

Samyang'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 )
	=	241619.944	/	( ( (3205001.055 - 824776.376)	+	(3106056.094 - 774878.614) )	/ 2 )
	=	241619.944	/	( ( 2380224.679	+	2331177.48 )	/ 2 )
	=	241619.944	/	2355701.0795
	=	10.26 %

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

Samyang (XKRX:145990) 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.

Samyang ROCE % Related Terms

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Samyang (XKRX:145990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Samyang Corp (XKRX:145990) » Definitions » ROCE %

Traded in Other Exchanges

145995:Korea

Address

263 Yeonji-dong, Jongno-gu, Seoul, KOR

Website

http://www.samyangcorp.com

Samyang Corporation is a South Korea based company that manufactures groceries, chemicals and medicines. The company also engages in the manufacture of engineering plastic industrial material and assorted feed. Its main business fields include Chemicals and Foodstuffs. The Chemicals business category encompasses around the Engineering Plastics and on PET-Based Products (Industrial Fiber and Bottles). The Foodstuffs segment provides a wide range of food products covering Sugar, Flour, Vegetable Oils, Margarine, Shortening and Baking Mix.

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