Manho Rope & Wire (XKRX:001080) ROCE % : -8.58% (As of Mar. 2024)

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What is Manho Rope & Wire 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. Manho Rope & Wire's annualized ROCE % for the quarter that ended in Mar. 2024 was -8.58%.

Manho Rope & Wire ROCE % Historical Data

The historical data trend for Manho Rope & Wire'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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Manho Rope & Wire ROCE % Chart

Manho Rope & Wire Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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0.67

0.90

0.63

0.22

2.71

Manho Rope & Wire 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															16.97	-7.17	-8.78	-36.82	-8.58

Manho Rope & Wire ROCE % Calculation

Manho Rope & Wire's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	6902.529	/	( ( (275646.355 - 24484.106)	+	(279981.667 - 21979.565) )	/ 2 )
	=	6902.529	/	( (251162.249	+	258002.102)	/ 2 )
	=	6902.529	/	254582.1755
	=	2.71 %

Manho Rope & Wire'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 )
	=	-19785.392	/	( ( (266602.287 - 34178.247)	+	(247608.895 - 19062.443) )	/ 2 )
	=	-19785.392	/	( ( 232424.04	+	228546.452 )	/ 2 )
	=	-19785.392	/	230485.246
	=	-8.58 %

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

Manho Rope & Wire (XKRX:001080) 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.

Manho Rope & Wire ROCE % Related Terms

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Manho Rope & Wire (XKRX:001080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manho Rope & Wire Ltd (XKRX:001080) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

85-2, 4 Street Joongang-Dong, Joong-ku, Busan, KOR, 618-270

Website

http://www.manhorope.com

Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, galvanized steel wires for aluminum stranded conductors steel reinforced (ACSR) and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.

Manho Rope & Wire (XKRX:001080) Headlines

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