Posco M-Tech Co (XKRX:009520) ROCE % : 2.34% (As of Dec. 2023)

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What is Posco M-Tech 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. Posco M-Tech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 2.34%.

Posco M-Tech Co ROCE % Historical Data

The historical data trend for Posco M-Tech 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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Posco M-Tech Co ROCE % Chart

Posco M-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.80

12.64

16.14

6.02

5.02

Posco M-Tech Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-3.18	7.08	5.27	5.36	2.34

Posco M-Tech Co ROCE % Calculation

Posco M-Tech 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 )
	=	5805.701	/	( ( (159723.837 - 44148.113)	+	(154927.324 - 38971.368) )	/ 2 )
	=	5805.701	/	( (115575.724	+	115955.956)	/ 2 )
	=	5805.701	/	115765.84
	=	5.02 %

Posco M-Tech Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	2723.88	/	( ( (159253.487 - 42419.601)	+	(154927.324 - 38971.368) )	/ 2 )
	=	2723.88	/	( ( 116833.886	+	115955.956 )	/ 2 )
	=	2723.88	/	116394.921
	=	2.34 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Posco M-Tech Co (XKRX:009520) 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.

Posco M-Tech Co ROCE % Related Terms

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Posco M-Tech Co (XKRX:009520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Posco M-Tech Co Ltd (XKRX:009520) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

131, Hyeongsangangbuk-ro, Nam-gu, Gyeongsanbuk-do, Pohang, KOR, 37835

Website

http://www.poscomtech.com

Posco M-Tech Co Ltd is a South Korea based company engages in the provision of steel raw materials and packing materials and services. Its products include aluminum deoxidizers; ferro silicon; ferro molybdenum, magnesium ingots and Fe powder; and StrapMaster.

Posco M-Tech Co (XKRX:009520) Headlines

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