IREM Co (XKRX:009730) ROCE % : -26.75% (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is IREM 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. IREM Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -26.75%.

IREM Co ROCE % Historical Data

The historical data trend for IREM 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.

* Premium members only.

IREM Co ROCE % Chart

IREM Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-240.67

-206.38

-6.05

18.71

0.59

IREM 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															26.33	13.27	19.96	1.07	-26.75

IREM Co ROCE % Calculation

IREM 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 )
	=	200.155	/	( ( (45517.291 - 16339.782)	+	(61128.755 - 22632.114) )	/ 2 )
	=	200.155	/	( (29177.509	+	38496.641)	/ 2 )
	=	200.155	/	33837.075
	=	0.59 %

IREM 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 )
	=	-11391.884	/	( ( (63026.991 - 16336.03)	+	(61128.755 - 22632.114) )	/ 2 )
	=	-11391.884	/	( ( 46690.961	+	38496.641 )	/ 2 )
	=	-11391.884	/	42593.801
	=	-26.75 %

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

IREM Co (XKRX:009730) 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.

IREM Co ROCE % Related Terms

Thank you for viewing the detailed overview of IREM Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

IREM Co (XKRX:009730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » IREM Co Ltd (XKRX:009730) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1116 Yeok-ri, Haengan-Myeon, Buan-gun, Jeollabuk-do, KOR, 158-093

Website

http://www.kossen.co.kr

Kossen Co Ltd operates in the steel industry in South Korea. The company is engaged in manufacturing of steel pipes and tubes. The other businesses of the company are natural gas vehicle business and new renewable energy business.

IREM Co (XKRX:009730) Headlines

No Headlines