Finger Story Co (XKRX:417180) ROC % : 5.15% (As of Dec. 2024)

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What is Finger Story Co ROC %?

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Finger Story Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2024 was 5.15%.

As of today (2025-03-27), Finger Story Co's WACC % is 9.34%. Finger Story Co's ROC % is 6.99% (calculated using TTM income statement data). Finger Story Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Finger Story Co ROC % Historical Data

The historical data trend for Finger Story Co's ROC % 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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Finger Story Co ROC % Chart

Finger Story Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROC %

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32.68

33.57

25.58

13.33

7.51

Finger Story Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROC %	Get a 7-Day Free Trial								0.21	9.40	6.67	8.39	5.15

Finger Story Co ROC % Calculation

Finger Story Co's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	1506.73 * ( 1 - 17.65% )	/	( (13599.036	+	19447.884)	/ 2 )
=	1240.792155	/	16523.46
=	7.51 %

where

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	33501.433	-	1230.584	-	( 27204.121	-	max(0, 9305.574	-	27977.387	+	27204.121	))
=	13599.036

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	36508.124	-	1272.588	-	( 25621.541	-	max(0, 10608.151	-	26395.803	+	25621.541	))
=	19447.884

Finger Story Co's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	1349.876 * ( 1 - 22.54% )	/	( (21136.05	+	19447.884)	/ 2 )
=	1045.6139496	/	20291.967
=	5.15 %

where

	Invested Capital		(Q: Sep. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	36869.906	-	1027.351	-	( 25355.159	-	max(0, 11549.656	-	26256.161	+	25355.159	))
=	21136.05

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	36508.124	-	1272.588	-	( 25621.541	-	max(0, 10608.151	-	26395.803	+	25621.541	))
=	19447.884

Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.

Finger Story Co (XKRX:417180) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Finger Story Co's WACC % is 9.34%. Finger Story Co's ROC % is 6.99% (calculated using TTM income statement data). Finger Story Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Finger Story Co ROC % Related Terms

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Finger Story Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Finger Story Co Ltd (XKRX:417180) » Definitions » ROC %

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Address

325 Teheran-ro, 15th Floor, Yeoksam-dong, Urban Bench Building, Gangnam-gu,, Seoul, KOR

Website

https://www.mootoon.co.kr

Finger Story Co Ltd is engaged in the supply of digital cartoons, webtoons, and web novels online contents. In its online content supply business, it acquires comprehensive copyrights and exclusive publishing rights for content, and uses the acquired source IP as self-produced content and secondary works to promote business. It operates Mutoon, a webtoon platform that provides authentic martial arts, fusion martial arts, and action genres as the main content, and Qtoon, a webtoon platform that provides content such as romance, romance, and fantasy.

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