Dongwha Enterprise Co (XKRX:025900) ROCE %

: -14.50% (As of Dec. 2023)

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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. Dongwha Enterprise Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.50%.

Dongwha Enterprise Co ROCE % Historical Data

The historical data trend for Dongwha Enterprise 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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Dongwha Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

6.75

6.02

7.28

6.37

-4.85

Dongwha Enterprise Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																2.83	-1.60	-3.79	-0.89	-14.50

Dongwha Enterprise Co ROCE % Calculation

Dongwha Enterprise 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 )
	=	-70101.403	/	( ( (1846108.233 - 598325.035)	+	(2321756.56 - 681061.965) )	/ 2 )
	=	-70101.403	/	( (1247783.198	+	1640694.595)	/ 2 )
	=	-70101.403	/	1444238.8965
	=	-4.85 %

Dongwha Enterprise 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 )
	=	-209407.424	/	( ( (1932971.046 - 686192.715)	+	(2321756.56 - 681061.965) )	/ 2 )
	=	-209407.424	/	( ( 1246778.331	+	1640694.595 )	/ 2 )
	=	-209407.424	/	1443736.463
	=	-14.50 %

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

Dongwha Enterprise Co (XKRX:025900) 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.

Dongwha Enterprise Co ROCE % Related Terms

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Dongwha Enterprise Co (XKRX:025900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Dongwha Enterprise Co Ltd (XKRX:025900) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

53-2, Yeouinaru-ro, Wonchang Building, Yeongdeungpo-gu, Seoul, KOR

Website

https://www.dongwha.com

Dongwha Enterprise Co Ltd is a Korea-based holding company engaged in manufacturing of PB, MDF, and MFB for furniture and interior design using waste wood and wood by-products, and also the company manufactures chemical and building material. Its chemical material includes LPM, phenolic surface paper, resin, and its building material includes flooring products, wall panels, and treated wood.

Dongwha Enterprise Co (XKRX:025900) Headlines

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