Kumho Petro Chemical (XKRX:011785) ROCE % : 7.82% (As of Mar. 2024)

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What is Kumho Petro 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. Kumho Petro Chemical's annualized ROCE % for the quarter that ended in Mar. 2024 was 7.82%.

Kumho Petro Chemical ROCE % Historical Data

The historical data trend for Kumho Petro 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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Kumho Petro Chemical ROCE % Chart

Kumho Petro Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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13.75

22.46

55.27

21.32

8.11

Kumho Petro Chemical 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															11.62	9.59	7.92	4.09	7.82

Kumho Petro Chemical ROCE % Calculation

Kumho Petro 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 )
	=	515401.214	/	( ( (7717403.072 - 1453492.813)	+	(7979694.634 - 1529933.393) )	/ 2 )
	=	515401.214	/	( (6263910.259	+	6449761.241)	/ 2 )
	=	515401.214	/	6356835.75
	=	8.11 %

Kumho Petro Chemical'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 )
	=	507668.668	/	( ( (7979694.634 - 1529933.393)	+	(8289000.766 - 1759169.677) )	/ 2 )
	=	507668.668	/	( ( 6449761.241	+	6529831.089 )	/ 2 )
	=	507668.668	/	6489796.165
	=	7.82 %

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

Kumho Petro Chemical (XKRX:011785) 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.

Kumho Petro Chemical ROCE % Related Terms

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Kumho Petro Chemical (XKRX:011785) Business Description

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011780:Korea

Address

21/24F Kumho Asiana Main Tower 115, Sinmunno 1-ga, Jongno-gu, Seoul, KOR, 110-061

Website

http://www.kkpc.com

Kumho Petro Chemical Ltd is a manufacturer of synthetic rubbers, and does business in synthetic resins, specialty chemicals, electronic materials, nanocarbon, energy, and building materials. The synthetic rubber business constitutes the largest portion of the company's revenue, and its products are applied to tires, shoes, auto parts, and other industrial applications. Kumho's main customers, under the rubber segment, are global tire manufacturers. Second to the rubber business in revenue, the synthetic resins business manufactures products used in auto parts, home appliances, beverage containers, and a host of other products. The company's revenue is largely derived from international exports, but the remainder of sales are executed in Korea.

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