Kwang Myung Electric Co (XKRX:017040) ROCE % : -107.67% (As of Dec. 2024)

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What is Kwang Myung Electric 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. Kwang Myung Electric Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -107.67%.

Kwang Myung Electric Co ROCE % Historical Data

The historical data trend for Kwang Myung Electric 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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Kwang Myung Electric Co ROCE % Chart

Kwang Myung Electric Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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5.35

5.83

5.52

-1.78

-33.95

Kwang Myung Electric Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															-18.55	2.81	-22.07	-5.58	-107.67

Kwang Myung Electric Co ROCE % Calculation

Kwang Myung Electric Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-37344.357	/	( ( (187138.59 - 53879.897)	+	(142679.053 - 55972.868) )	/ 2 )
	=	-37344.357	/	( (133258.693	+	86706.185)	/ 2 )
	=	-37344.357	/	109982.439
	=	-33.95 %

Kwang Myung Electric Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-113484.1	/	( ( (162436.272 - 38338.484)	+	(142679.053 - 55972.868) )	/ 2 )
	=	-113484.1	/	( ( 124097.788	+	86706.185 )	/ 2 )
	=	-113484.1	/	105401.9865
	=	-107.67 %

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

Kwang Myung Electric Co (XKRX:017040) 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.

Kwang Myung Electric Co ROCE % Related Terms

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Kwang Myung Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kwang Myung Electric Co Ltd (XKRX:017040) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

160, Mongnae-ro Danwon-gu, Ansan-si, Gyeonggi, KOR, 15597

Website

http://www.kmec.co.kr

Kwang Myung Electric Co Ltd is a South Korea based company engages in the manufacturing of electrical components and switchgear. It offers electric transformers, gas insulated switchgear, protective relays and control boards, and electricity distribution boards.

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