Hankuk Glass Industries (XKRX:002005) ROCE % : 6.58% (As of Sep. 2018)

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What is Hankuk Glass Industries 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. Hankuk Glass Industries's annualized ROCE % for the quarter that ended in Sep. 2018 was 6.58%.

Hankuk Glass Industries ROCE % Historical Data

The historical data trend for Hankuk Glass Industries'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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Hankuk Glass Industries ROCE % Chart

Hankuk Glass Industries Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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-5.75

6.83

8.18

2.26

27.06

Hankuk Glass Industries Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
ROCE %	Get a 7-Day Free Trial															5.45	59.10	4.23	8.81	6.58

Hankuk Glass Industries ROCE % Calculation

Hankuk Glass Industries's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	181581.276	/	( ( (710714.634 - 117505.977)	+	(852872.296 - 103843.015) )	/ 2 )
	=	181581.276	/	( (593208.657	+	749029.281)	/ 2 )
	=	181581.276	/	671118.969
	=	27.06 %

Hankuk Glass Industries's ROCE % of for the quarter that ended in Sep. 2018 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2018 )		(Q: Jun. 2018 )		(Q: Sep. 2018 )
	=	45181.892	/	( ( (835688.824 - 73013.736)	+	(719636.858 - 109666.119) )	/ 2 )
	=	45181.892	/	( ( 762675.088	+	609970.739 )	/ 2 )
	=	45181.892	/	686322.9135
	=	6.58 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2018) EBIT data.

Hankuk Glass Industries (XKRX:002005) 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.

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Hankuk Glass Industries (XKRX:002005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hankuk Glass Industries Inc (XKRX:002005) » Definitions » ROCE %

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Address

Website

http://www.hanglas.co.kr

Hankuk Glass Industries Inc is a Korea based company engaged in manufacturing of glasses. The company offers a range of glass products including roy glass, flat nisseom dura plus, light duo, laminated glass, sound insulating laminated, fireproof glass, deco glass, sage glass, mesh inlay glass.

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