Daidong Electronics (XKRX:008110) ROCE % : -13.59% (As of Mar. 2024)

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What is Daidong Electronics 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. Daidong Electronics's annualized ROCE % for the quarter that ended in Mar. 2024 was -13.59%.

Daidong Electronics ROCE % Historical Data

The historical data trend for Daidong Electronics'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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Daidong Electronics ROCE % Chart

Daidong Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

ROCE %

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1.05

1.70

5.28

3.57

1.88

Daidong Electronics 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															6.62	2.12	21.59	-1.83	-13.59

Daidong Electronics ROCE % Calculation

Daidong Electronics's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	4874.952	/	( ( (259178.93 - 6887.049)	+	(272101.859 - 6899.028) )	/ 2 )
	=	4874.952	/	( (252291.881	+	265202.831)	/ 2 )
	=	4874.952	/	258747.356
	=	1.88 %

Daidong Electronics'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 )
	=	-34634.388	/	( ( (250434.44 - 5997.376)	+	(272101.859 - 6899.028) )	/ 2 )
	=	-34634.388	/	( ( 244437.064	+	265202.831 )	/ 2 )
	=	-34634.388	/	254819.9475
	=	-13.59 %

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

Daidong Electronics (XKRX:008110) 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.

Daidong Electronics ROCE % Related Terms

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Daidong Electronics (XKRX:008110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daidong Electronics Ltd (XKRX:008110) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Gasan Digital 1-Ro, Geumcheon-gu, Seoul, KOR, 153-023

Website

http://www.daidong.com

Daidong Electronics Ltd is a Korea based company engaged in the businesses of Mold manufacturing, Injecting mold and Equipment business. The company is involved in the Mold manufacturing business through unifying operation processes from 3D CAD design to test-production, and through the process management system. In the Equipment business, the organization offers NC machine, wire cut machine, EDM machine, injection, die spotting and laser machine, among others.

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