DB HiTek Co (XKRX:000990) ROCE % : 18.70% (As of Dec. 2023)

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What is DB HiTek 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. DB HiTek Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 18.70%.

DB HiTek Co ROCE % Historical Data

The historical data trend for DB HiTek 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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DB HiTek Co ROCE % Chart

DB HiTek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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17.70

24.21

39.76

50.62

17.30

DB HiTek 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															30.42	19.15	20.63	11.47	18.70

DB HiTek Co ROCE % Calculation

DB HiTek 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 )
	=	306984.259	/	( ( (2142165.862 - 416099.502)	+	(2043378.694 - 220150.412) )	/ 2 )
	=	306984.259	/	( (1726066.36	+	1823228.282)	/ 2 )
	=	306984.259	/	1774647.321
	=	17.30 %

DB HiTek 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 )
	=	335129.58	/	( ( (1992784.037 - 230902.828)	+	(2043378.694 - 220150.412) )	/ 2 )
	=	335129.58	/	( ( 1761881.209	+	1823228.282 )	/ 2 )
	=	335129.58	/	1792554.7455
	=	18.70 %

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

DB HiTek Co (XKRX:000990) 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.

DB HiTek Co ROCE % Related Terms

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DB HiTek Co (XKRX:000990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » DB HiTek Co Ltd (XKRX:000990) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

90, Sudo-ro, Gyeonggi-do, Bucheon-si, KOR, 135-523

Website

http://www.dbhitek.co.kr

DB HiTek Co Ltd operates foundry facilities for the semiconductor industry. It primarily builds fab system-large scale integration wafers used in signal processing chips. The company uses wafer processing technology to develop chip solutions for electronic products such as televisions, computers, mobile phones, and automobiles. Dongbu Hitek's facilities add value in the areas of analog, power, embedded flash, display driver integrated circuits and image sensors. Through a network of global sales offices and support centers, the company brings its services to North America, Europe, and Asia.

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