Gaon Cable Co (XKRX:000500) ROCE % : 12.63% (As of Mar. 2024)

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What is Gaon Cable 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. Gaon Cable Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 12.63%.

Gaon Cable Co ROCE % Historical Data

The historical data trend for Gaon Cable 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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Gaon Cable Co ROCE % Chart

Gaon Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.47

4.62

3.32

4.49

8.43

Gaon Cable Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															11.72	14.28	8.39	-0.85	12.63

Gaon Cable Co ROCE % Calculation

Gaon Cable 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 )
	=	36171.116	/	( ( (752332.445 - 319323.694)	+	(801805.532 - 376758.135) )	/ 2 )
	=	36171.116	/	( (433008.751	+	425047.397)	/ 2 )
	=	36171.116	/	429028.074
	=	8.43 %

Gaon Cable Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	51652.748	/	( ( (801805.532 - 376758.135)	+	(841470.889 - 448344.55) )	/ 2 )
	=	51652.748	/	( ( 425047.397	+	393126.339 )	/ 2 )
	=	51652.748	/	409086.868
	=	12.63 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Gaon Cable Co (XKRX:000500) 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.

Gaon Cable Co ROCE % Related Terms

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Gaon Cable Co (XKRX:000500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gaon Cable Co Ltd (XKRX:000500) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

World Trade Center, 517, Floors 24, ASEM Tower, Yeongdong-daero, Gangnam-gu, Seoul, KOR, 135-798

Website

http://www.gaoncable.com

Gaon Cable Co Ltd engages in the manufacture of electric cables. Its major products include power cable, telecommunication cable, materials and new products. The power cable includes extra-high voltage cables, overhead lines, low and medium voltage power (MV/LV) cables, industrial specialty cables. The telecom products are local area network (LAN) cables, optical communication and other communication cables. The materials include oxygen free copper rod. The new products include intelligent wiring solution and integral pipeline system.

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