Korea Gas (XKRX:036460) ROCE % : 11.07% (As of Dec. 2024)

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What is Korea Gas 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 Gas's annualized ROCE % for the quarter that ended in Dec. 2024 was 11.07%.

Korea Gas ROCE % Historical Data

The historical data trend for Korea Gas'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 Gas ROCE % Chart

Korea Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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1.50

6.89

9.47

2.45

8.84

Korea Gas 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															-3.68	11.88	6.30	5.99	11.07

Korea Gas ROCE % Calculation

Korea Gas'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 )
	=	3143802	/	( ( (57254666 - 22566372)	+	(57669637 - 21266507) )	/ 2 )
	=	3143802	/	( (34688294	+	36403130)	/ 2 )
	=	3143802	/	35545712
	=	8.84 %

Korea Gas'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 )
	=	3979761.964	/	( ( (53044058.827 - 17545778.328)	+	(57669637 - 21266507) )	/ 2 )
	=	3979761.964	/	( ( 35498280.499	+	36403130 )	/ 2 )
	=	3979761.964	/	35950705.2495
	=	11.07 %

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

Korea Gas (XKRX:036460) 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 Gas ROCE % Related Terms

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Korea Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Korea Gas Corp (XKRX:036460) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

215 Jeongja-dong, Bundang-gu, Seongnam, KOR, 463-754

Website

http://www.kogas.or.kr

Korea Gas Corp is a Korean natural gas utility company. The Government of Korea holds a majority stake in the firm. Korea Gas Corp holds a monopoly as the country's only natural gas distributor with a nationwide network of pipelines and storage tanks. The company segments its operations into Domestic Business and Overseas Business units. The Domestic Business division encompasses Korea Gas' liquefied natural gas (LNG) purchasing, supply, storage, and pipeline distributing activities. The company primarily buys natural gas from Middle Eastern and Southeast Asian sources. Korea Gas' total revenue is split fairly evenly between the sale of natural gas to urban consumers and to the power sector. Korean housing and industrial customers represent the majority of the firm's customer base.

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