Korea Movenex Co (XKRX:010100) ROCE % : 16.23% (As of Mar. 2024)

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What is Korea Movenex 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. Korea Movenex Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.23%.

Korea Movenex Co ROCE % Historical Data

The historical data trend for Korea Movenex 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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Korea Movenex Co ROCE % Chart

Korea Movenex Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.61

6.71

12.73

15.51

21.11

Korea Movenex 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															20.21	26.58	10.80	13.21	16.23

Korea Movenex Co ROCE % Calculation

Korea Movenex 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 )
	=	82383.084	/	( ( (799394.136 - 456203.653)	+	(874724.776 - 437477.586) )	/ 2 )
	=	82383.084	/	( (343190.483	+	437247.19)	/ 2 )
	=	82383.084	/	390218.8365
	=	21.11 %

Korea Movenex 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 )
	=	73816.028	/	( ( (874724.776 - 437477.586)	+	(934708.663 - 462282.812) )	/ 2 )
	=	73816.028	/	( ( 437247.19	+	472425.851 )	/ 2 )
	=	73816.028	/	454836.5205
	=	16.23 %

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

Korea Movenex Co (XKRX:010100) 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.

Korea Movenex Co ROCE % Related Terms

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Korea Movenex Co (XKRX:010100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Korea Movenex Co Ltd (XKRX:010100) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

2, Mipo 1-gil, Dong-Gu, Ulsan, KOR, 682-801

Website

http://www.koreamovenex.com

Korea Movenex Co Ltd engages in the provision of automobile parts, flanges, industrial machinery and advertising/broadcast services. It offers automobile parts, including half shaft and front axle assemblies for passenger cars; and front axle and brake assemblies for buses and trucks. The company also provides engine parts of automobiles comprising crank and cam shafts, hubs, differential gears, spindles, and connecting rods; and carbon steel, non-steel, ANSI, AWWA, API, MSS, welding neck, threeded, slip-on, lap joint, blind, and socket welding flanges. In addition, it offers industrial vessel engine bases and frames, vessel and steel structures, press containers of chemical factories, and bridge and construction-related works.

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