Daeyang Paper Manufacturing Co (XKRX:006580) ROCE % : 7.13% (As of Mar. 2024)

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What is Daeyang Paper Manufacturing 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. Daeyang Paper Manufacturing Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.13%.

Daeyang Paper Manufacturing Co ROCE % Historical Data

The historical data trend for Daeyang Paper Manufacturing 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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Daeyang Paper Manufacturing Co ROCE % Chart

Daeyang Paper Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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19.92

2.80

5.75

-1.44

0.69

Daeyang Paper Manufacturing Co 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															0.54	3.07	-0.87	5.10	7.13

Daeyang Paper Manufacturing Co ROCE % Calculation

Daeyang Paper Manufacturing 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 )
	=	1137.042	/	( ( (222893.767 - 56084.406)	+	(219280.773 - 58685.619) )	/ 2 )
	=	1137.042	/	( (166809.361	+	160595.154)	/ 2 )
	=	1137.042	/	163702.2575
	=	0.69 %

Daeyang Paper Manufacturing Co'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 )
	=	11504.292	/	( ( (219280.773 - 58685.619)	+	(218229.151 - 55989.391) )	/ 2 )
	=	11504.292	/	( ( 160595.154	+	162239.76 )	/ 2 )
	=	11504.292	/	161417.457
	=	7.13 %

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

Daeyang Paper Manufacturing Co (XKRX:006580) 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.

Daeyang Paper Manufacturing Co ROCE % Related Terms

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Daeyang Paper Manufacturing Co (XKRX:006580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Daeyang Paper Manufacturing Co Ltd (XKRX:006580) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Kangnam Building 1321 Seocho-dong, Seocho-gu, Seoul, KOR, 425-120

Website

http://www.dygroup.co.kr

Daeyang Paper Manufacturing Co Ltd is engaged in manufacturing and selling various packing products in South Korea. The company's product offerings include base paper products, including corrugating medium paper, reverse side paper, and surface paper for corrugated cardboards; and corrugated cardboards/boxes, such as single faced, double-faced, double wall, and triple wall corrugated fiber boards.

Daeyang Paper Manufacturing Co (XKRX:006580) Headlines

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