Korea Engineering Consultants (XKRX:023350) ROCE % : 3.94% (As of Mar. 2024)

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What is Korea Engineering Consultants 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 Engineering Consultants's annualized ROCE % for the quarter that ended in Mar. 2024 was 3.94%.

Korea Engineering Consultants ROCE % Historical Data

The historical data trend for Korea Engineering Consultants'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 Engineering Consultants ROCE % Chart

Korea Engineering Consultants Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-0.23

5.96

8.79

4.36

7.73

Korea Engineering Consultants 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															4.63	3.59	1.10	21.35	3.94

Korea Engineering Consultants ROCE % Calculation

Korea Engineering Consultants'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 )
	=	14222.575	/	( ( (332695.36 - 157452.647)	+	(381181.316 - 188299.734) )	/ 2 )
	=	14222.575	/	( (175242.713	+	192881.582)	/ 2 )
	=	14222.575	/	184062.1475
	=	7.73 %

Korea Engineering Consultants'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 )
	=	7671.404	/	( ( (381181.316 - 188299.734)	+	(386676.43 - 189847.379) )	/ 2 )
	=	7671.404	/	( ( 192881.582	+	196829.051 )	/ 2 )
	=	7671.404	/	194855.3165
	=	3.94 %

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

Korea Engineering Consultants (XKRX:023350) 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 Engineering Consultants ROCE % Related Terms

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Korea Engineering Consultants (XKRX:023350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Korea Engineering Consultants Corp (XKRX:023350) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

4845, Geumgwang-Dong, Jungwon-Gu, Seongnam, Gyeonggi, KOR, 462-240

Website

http://www.kecc.co.kr

Korea Engineering Consultants Corp operates in the engineering and construction industry in South Korea. The business areas of the company are roads, highways, airports, railroads, water supply, bridges, urban planning, construction, and supervision.

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