Lotte Chemical (XKRX:011170) ROCE % : -9.09% (As of Sep. 2024)

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What is Lotte Chemical 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. Lotte Chemical's annualized ROCE % for the quarter that ended in Sep. 2024 was -9.09%.

Lotte Chemical ROCE % Historical Data

The historical data trend for Lotte Chemical'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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Lotte Chemical ROCE % Chart

Lotte Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.98

2.10

11.34

-1.26

-0.31

Lotte Chemical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															1.15	-6.30	0.24	-0.25	-9.09

Lotte Chemical ROCE % Calculation

Lotte Chemical'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 )
	=	-73383.622	/	( ( (26784587.811 - 6384043.035)	+	(33476310.225 - 6523537.563) )	/ 2 )
	=	-73383.622	/	( (20400544.776	+	26952772.662)	/ 2 )
	=	-73383.622	/	23676658.719
	=	-0.31 %

Lotte Chemical's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-2417423.704	/	( ( (35709759.794 - 8669226.277)	+	(34487003.479 - 8331605.73) )	/ 2 )
	=	-2417423.704	/	( ( 27040533.517	+	26155397.749 )	/ 2 )
	=	-2417423.704	/	26597965.633
	=	-9.09 %

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

Lotte Chemical (XKRX:011170) 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.

Lotte Chemical ROCE % Related Terms

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Lotte Chemical Business Description

Industry

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Traded in Other Exchanges

N/A

Address

300 Olympic-ro, 14th Floor-16th Floor, Lotte World Tower, Songpa-gu, Seoul, KOR

Website

http://www.lottechem.com

Lotte Chemical Corp is one of the largest chemical companies in Asia. It manufactures a variety of chemicals which include polyethylene, polypropylene, functional resin, ethylene oxide/ethylene glycol, butadiene, benzene, and Toluene. Its products are used in various industry applications such as coating materials, automotive parts, and detergent.

Lotte Chemical Headlines

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