Shindo Eng Lab (XKRX:290520) ROCE % : 4.08% (As of Mar. 2024)

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What is Shindo Eng Lab 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. Shindo Eng Lab's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.08%.

Shindo Eng Lab ROCE % Historical Data

The historical data trend for Shindo Eng Lab'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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Shindo Eng Lab ROCE % Chart

Shindo Eng Lab Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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36.72

-9.38

3.51

0.98

-2.18

Shindo Eng Lab 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															5.23	7.45	-11.89	-9.54	4.08

Shindo Eng Lab ROCE % Calculation

Shindo Eng Lab'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 )
	=	-1317.111	/	( ( (72439.196 - 10228.607)	+	(61879.228 - 3220.951) )	/ 2 )
	=	-1317.111	/	( (62210.589	+	58658.277)	/ 2 )
	=	-1317.111	/	60434.433
	=	-2.18 %

Shindo Eng Lab'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 )
	=	2407.756	/	( ( (61879.228 - 3220.951)	+	(61690.145 - 2406.276) )	/ 2 )
	=	2407.756	/	( ( 58658.277	+	59283.869 )	/ 2 )
	=	2407.756	/	58971.073
	=	4.08 %

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

Shindo Eng Lab (XKRX:290520) 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.

Shindo Eng Lab ROCE % Related Terms

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Shindo Eng Lab (XKRX:290520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shindo Eng Lab Ltd (XKRX:290520) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Mayu-ro 238beon-gil, Jeongwang 1, Gyeonggi-do, Siheung-si, KOR

Website

http://www.lcd.co.kr

Shindo Eng Lab Ltd is engaged in manufacturing display equipment with its original magnetic technology. Its product include OLED, LCD, Fuel cells and others. The firm's products are used in Manufacturing Mobile, IT & Display, Automobile, Special Display, and Energy & Vacuum Glass.

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