Chungho ICT (XKRX:012600) ROCE % : 6.07% (As of Mar. 2024)

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What is Chungho ICT 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. Chungho ICT's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.07%.

Chungho ICT ROCE % Historical Data

The historical data trend for Chungho ICT'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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Chungho ICT ROCE % Chart

Chungho ICT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-60.18

-98.97

-37.75

-14.37

4.27

Chungho ICT 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															-5.02	-3.67	6.44	13.98	6.07

Chungho ICT ROCE % Calculation

Chungho ICT'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 )
	=	1389.508	/	( ( (29966.72 - 8051.995)	+	(52595.492 - 9411.01) )	/ 2 )
	=	1389.508	/	( (21914.725	+	43184.482)	/ 2 )
	=	1389.508	/	32549.6035
	=	4.27 %

Chungho ICT'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 )
	=	2730.32	/	( ( (52595.492 - 9411.01)	+	(54116.851 - 7289.488) )	/ 2 )
	=	2730.32	/	( ( 43184.482	+	46827.363 )	/ 2 )
	=	2730.32	/	45005.9225
	=	6.07 %

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

Chungho ICT (XKRX:012600) 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.

Chungho ICT ROCE % Related Terms

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Chungho ICT (XKRX:012600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chungho ICT (XKRX:012600) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

318, Dosan Daero, 15th Floor, SB-Tower, Gangnam Gu, Seoul, KOR, 135-819

Website

https://www.chunghoict.com

Chungho ICT is engaged in the financial automation business. It offers financial automation equipment, such as ATMs, cash dispensers, mini and small CDs, and utility payment kiosks; and multi-function automation equipment, including CD/ATM ticket dispensers and CD/ATM with inquiry function.

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