Shin Hwa Dynamics Co (XKRX:001770) ROCE % : -12.13% (As of Sep. 2024)

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What is Shin Hwa Dynamics 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. Shin Hwa Dynamics Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -12.13%.

Shin Hwa Dynamics Co ROCE % Historical Data

The historical data trend for Shin Hwa Dynamics 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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Shin Hwa Dynamics Co ROCE % Chart

Shin Hwa Dynamics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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4.65

2.39

16.64

28.75

1.64

Shin Hwa Dynamics Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															2.62	-3.27	-10.04	22.85	-12.13

Shin Hwa Dynamics Co ROCE % Calculation

Shin Hwa Dynamics 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 )
	=	852.246	/	( ( (88291.972 - 36134.908)	+	(84766.158 - 33089.292) )	/ 2 )
	=	852.246	/	( (52157.064	+	51676.866)	/ 2 )
	=	852.246	/	51916.965
	=	1.64 %

Shin Hwa Dynamics Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-6402.268	/	( ( (92555.551 - 39852.598)	+	(78050.619 - 25168.567) )	/ 2 )
	=	-6402.268	/	( ( 52702.953	+	52882.052 )	/ 2 )
	=	-6402.268	/	52792.5025
	=	-12.13 %

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

Shin Hwa Dynamics Co (XKRX:001770) 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.

Shin Hwa Dynamics Co ROCE % Related Terms

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Shin Hwa Dynamics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shin Hwa Dynamics Co Ltd (XKRX:001770) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

661-4, Shiwa Industrial Complex, 706, 4Da, Seonggok-dong, Ansan-shi, Gyeonggi, KOR, 425-110

Website

http://www.shinhwatp.co.kr

Shin Hwa Dynamics Co Ltd formerly Shinhwa Silup Co Ltd is a South Korea-based company engaged in the manufacturing of tin plates. It mainly produces tin plates, which are used for a variety of food and beverage cans, including food cans, paint cans, oil cans, drug cans, and others. The company also provides black plate coils, which are cold rolled tin steel plates used as raw materials of tin plates.

Shin Hwa Dynamics Co Headlines

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