Solum Co (XKRX:248070) ROCE % : 11.15% (As of Dec. 2023)

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What is Solum 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. Solum Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.15%.

Solum Co ROCE % Historical Data

The historical data trend for Solum 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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Solum Co ROCE % Chart

Solum Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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50.96

45.75

13.45

18.58

41.98

Solum Co Quarterly Data
	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														5.60	63.01	48.86	42.08	11.15

Solum Co ROCE % Calculation

Solum 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 )
	=	165560.065	/	( ( (1034302.04 - 679009.559)	+	(938644.554 - 505168.683) )	/ 2 )
	=	165560.065	/	( (355292.481	+	433475.871)	/ 2 )
	=	165560.065	/	394384.176
	=	41.98 %

Solum 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 )
	=	48927.648	/	( ( (1014947.427 - 570517.272)	+	(938644.554 - 505168.683) )	/ 2 )
	=	48927.648	/	( ( 444430.155	+	433475.871 )	/ 2 )
	=	48927.648	/	438953.013
	=	11.15 %

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

Solum Co (XKRX:248070) 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.

Solum Co ROCE % Related Terms

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Solum Co (XKRX:248070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solum Co Ltd (XKRX:248070) » Definitions » ROCE %

Comparable Companies

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N/A

Address

4,5,6th Floor, 357, Guseong-ro, Giheung-gu, Gyeonggi-do, Yongin-si, KOR

Website

https://www.solu-m.com

Solum Co Ltd is engaged in providing power modules, digital tuner, and Electronic Shelf Label solutions. The product portfolio of the company includes TV Power Adapter, Server Power, LED Power, Tuner, and Keyco among others.

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