Purit Co (XKRX:445180) ROCE % : 16.95% (As of Dec. 2023)

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What is Purit 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. Purit Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.95%.

Purit Co ROCE % Historical Data

The historical data trend for Purit 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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Purit Co ROCE % Chart

Purit Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

24.88

43.18

44.35

21.86

Purit Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	35.20	37.37	16.95

Purit Co ROCE % Calculation

Purit 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: 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 )
	=	13364.58	/	( ( (64689.771 - 25828.248)	+	(99179.199 - 15775.508) )	/ 2 )
	=	13364.58	/	( (38861.523	+	83403.691)	/ 2 )
	=	13364.58	/	61132.607
	=	21.86 %

Purit Co'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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	10936.39	/	( ( (79194.512 - 33533.354)	+	(99179.199 - 15775.508) )	/ 2 )
	=	10936.39	/	( ( 45661.158	+	83403.691 )	/ 2 )
	=	10936.39	/	64532.4245
	=	16.95 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

Purit Co (XKRX:445180) 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.

Purit Co ROCE % Related Terms

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Purit Co (XKRX:445180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Purit Co Ltd (XKRX:445180) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

249-278 Duryu-gil, Angang-eup, Gyeongsangbuk-do, Gyeongju-si, KOR

Website

https://www.purit.co.kr

Purit Co Ltd is a company whose business is for recovering and refining waste organic solvents generated in industrial and display processes. The Company's primary business activity is Refinement and manufacture of organic solvents. The business focuses on producing ultra-high purity chemical products for semiconductors and displays by synthesizing raw materials based on purification of waste organic solvents.

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