Huneed Technologies (XKRX:005870) ROCE % : 0.07% (As of Mar. 2024)

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What is Huneed Technologies 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. Huneed Technologies's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.07%.

Huneed Technologies ROCE % Historical Data

The historical data trend for Huneed Technologies'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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Huneed Technologies ROCE % Chart

Huneed Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.92

6.43

13.16

9.13

14.56

Huneed Technologies 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															-4.75	-7.58	20.37	42.96	0.07

Huneed Technologies ROCE % Calculation

Huneed Technologies'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 )
	=	23030.457	/	( ( (304125.357 - 154763.743)	+	(299334.914 - 132338.303) )	/ 2 )
	=	23030.457	/	( (149361.614	+	166996.611)	/ 2 )
	=	23030.457	/	158179.1125
	=	14.56 %

Huneed Technologies'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 )
	=	117.016	/	( ( (299334.914 - 132338.303)	+	(294901.664 - 127625.365) )	/ 2 )
	=	117.016	/	( ( 166996.611	+	167276.299 )	/ 2 )
	=	117.016	/	167136.455
	=	0.07 %

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

Huneed Technologies (XKRX:005870) 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.

Huneed Technologies ROCE % Related Terms

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Huneed Technologies (XKRX:005870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Huneed Technologies (XKRX:005870) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

87, Venture-ro, Yeonsu-gu, Incheon, KOR, 406-840

Website

http://www.huneed.com

Huneed Technologies is a Korean developer and manufacturer of airborne systems and defense communication systems. It is a provider of harnesses and panels for airborne systems, communication equipment, and control systems for the ROK military along with other solutions and services. The company's products are used by military communications, command and control, airborne systems, ground control systems, logistics, and commercial information technologies markets.

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