Pangen Biotech (XKRX:222110) ROCE % : -48.37% (As of Dec. 2023)

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What is Pangen Biotech 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. Pangen Biotech's annualized ROCE % for the quarter that ended in Dec. 2023 was -48.37%.

Pangen Biotech ROCE % Historical Data

The historical data trend for Pangen Biotech'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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Pangen Biotech ROCE % Chart

Pangen Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-31.93

-18.37

-14.93

-20.06

-24.42

Pangen Biotech 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															-7.97	-27.28	-1.80	-20.79	-48.37

Pangen Biotech ROCE % Calculation

Pangen Biotech'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 )
	=	-4220.727	/	( ( (20673.675 - 1129.529)	+	(20741.156 - 5710.648) )	/ 2 )
	=	-4220.727	/	( (19544.146	+	15030.508)	/ 2 )
	=	-4220.727	/	17287.327
	=	-24.42 %

Pangen Biotech'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 )
	=	-7731.348	/	( ( (22642.95 - 5702.904)	+	(20741.156 - 5710.648) )	/ 2 )
	=	-7731.348	/	( ( 16940.046	+	15030.508 )	/ 2 )
	=	-7731.348	/	15985.277
	=	-48.37 %

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

Pangen Biotech (XKRX:222110) 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.

Pangen Biotech ROCE % Related Terms

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Pangen Biotech (XKRX:222110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Pangen Biotech Inc (XKRX:222110) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4Floor Innoplex 2-dong, 306 Sinwon-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16675

Website

http://www.pangen.com

Pangen Biotech Inc is a biotechnology company. It is engaged in development of biosimilar products and technology transfer services for biologics development. It develops biosimilar products, such as EPO, recombinant factor VIII, G-CSF, etc.

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