Korea Cast Iron Pipe Co (XKRX:000970) ROCE % : 8.39% (As of Dec. 2023)

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What is Korea Cast Iron Pipe 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. Korea Cast Iron Pipe Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.39%.

Korea Cast Iron Pipe Co ROCE % Historical Data

The historical data trend for Korea Cast Iron Pipe 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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Korea Cast Iron Pipe Co ROCE % Chart

Korea Cast Iron Pipe Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

ROCE %

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5.81

3.70

6.29

25.73

4.39

Korea Cast Iron Pipe Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															2.68	4.60	8.15	3.95	8.39

Korea Cast Iron Pipe Co ROCE % Calculation

Korea Cast Iron Pipe Co's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	15968.847	/	( ( (423089.952 - 62669.145)	+	(424608.629 - 57454.237) )	/ 2 )
	=	15968.847	/	( (360420.807	+	367154.392)	/ 2 )
	=	15968.847	/	363787.5995
	=	4.39 %

Korea Cast Iron Pipe 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: 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 )
	=	31242.744	/	( ( (427630.235 - 57526.946)	+	(434108.102 - 59755.227) )	/ 2 )
	=	31242.744	/	( ( 370103.289	+	374352.875 )	/ 2 )
	=	31242.744	/	372228.082
	=	8.39 %

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

Korea Cast Iron Pipe Co (XKRX:000970) 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.

Korea Cast Iron Pipe Co ROCE % Related Terms

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Korea Cast Iron Pipe Co (XKRX:000970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Korea Cast Iron Pipe Co Ltd (XKRX:000970) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

370-19, Shinpyung-dong, Saha-gu, Busan, KOR, 604-030

Website

http://www.kcip.co.kr

Korea Cast Iron Pipe Co Ltd is engaged in manufacturing of cast iron pipes, mild steel pipes, and valves used in providing water services.

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