Hyundai Rotem Co (XKRX:064350) ROCE % : 13.90% (As of Dec. 2023)

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What is Hyundai Rotem 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. Hyundai Rotem Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.90%.

Hyundai Rotem Co ROCE % Historical Data

The historical data trend for Hyundai Rotem 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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Hyundai Rotem Co ROCE % Chart

Hyundai Rotem Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-14.78

2.71

3.38

6.80

9.78

Hyundai Rotem Co 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															6.09	4.65	11.20	8.95	13.90

Hyundai Rotem Co ROCE % Calculation

Hyundai Rotem 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 )
	=	209714.04	/	( ( (4823869.784 - 2572729.12)	+	(5241484.775 - 3204670.379) )	/ 2 )
	=	209714.04	/	( (2251140.664	+	2036814.396)	/ 2 )
	=	209714.04	/	2143977.53
	=	9.78 %

Hyundai Rotem 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 )
	=	283999.388	/	( ( (4970577.23 - 2922445.44)	+	(5241484.775 - 3204670.379) )	/ 2 )
	=	283999.388	/	( ( 2048131.79	+	2036814.396 )	/ 2 )
	=	283999.388	/	2042473.093
	=	13.90 %

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

Hyundai Rotem Co (XKRX:064350) 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.

Hyundai Rotem Co ROCE % Related Terms

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Hyundai Rotem Co (XKRX:064350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyundai Rotem Co (XKRX:064350) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

37 Cheoldobakmulgwan-ro, Uiwang-si, Gyeonggi-do, Seoul, KOR, 137-938

Website

https://www.hyundai-rotem.co.kr

Hyundai Rotem Co is a Korea-based manufacturer of railway vehicles and defense equipment. The company is organized into three business segments: Railway System, Defense System, and Plant and Machinery. The Railway Division supplies various types of railway vehicles, including EMUs, high-speed trains, LRVs, DMUs, locomotives, and passenger coaches and freight trains. Its Plant Division provides EPC services including engineering, manufacturing, procurement, installation and commissioning in the field of steelmaking facilities, automotive manufacturing facilities, power plants and environmental facilities for various infrastructures. Defense Systems Division delivers ground weapon systems.

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