Daou Technology (XKRX:023590) ROCE % : 2.08% (As of Sep. 2024)

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What is Daou Technology 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. Daou Technology's annualized ROCE % for the quarter that ended in Sep. 2024 was 2.08%.

Daou Technology ROCE % Historical Data

The historical data trend for Daou Technology'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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Daou Technology ROCE % Chart

Daou Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.23

6.85

6.10

2.06

1.33

Daou Technology 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															4.85	-2.32	2.71	2.52	2.08

Daou Technology ROCE % Calculation

Daou Technology'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 )
	=	676181.222	/	( ( (49260008.743 - 385612.929)	+	(53342459.33 - 506737.137) )	/ 2 )
	=	676181.222	/	( (48874395.814	+	52835722.193)	/ 2 )
	=	676181.222	/	50855059.0035
	=	1.33 %

Daou Technology'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 )
	=	1152143.44	/	( ( (52985623.087 - 542611.532)	+	(58591154.012 - 426975.983) )	/ 2 )
	=	1152143.44	/	( ( 52443011.555	+	58164178.029 )	/ 2 )
	=	1152143.44	/	55303594.792
	=	2.08 %

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

Daou Technology (XKRX:023590) 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.

Daou Technology ROCE % Related Terms

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Daou Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daou Technology Inc (XKRX:023590) » Definitions » ROCE %

Comparable Companies

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N/A

Address

81, Digital Valley-ro, 6th Floor, Dow Digital Square, Gyeonggi-do, Yongin-si, KOR, 16878

Website

http://www.daou.co.kr

Daou Technology Inc is a provider of IT products and solutions. Its business is divided into marketing communication, Business infrastructure, Enterprise solutions, Commerce and IT outsourcing business divisions. It develops and promotes brands such as Terrace mail, Unicro, Enfax, Citrix, etc. The firm mainly operates in Korea Japan China Indonesia and France.

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