Inzi Display Co (XKRX:037330) ROCE % : -2.67% (As of Sep. 2024)

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What is Inzi Display 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. Inzi Display Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.67%.

Inzi Display Co ROCE % Historical Data

The historical data trend for Inzi Display 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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Inzi Display Co ROCE % Chart

Inzi Display Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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10.76

15.36

6.19

6.04

10.67

Inzi Display Co 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															11.93	-4.83	8.68	5.50	-2.67

Inzi Display Co ROCE % Calculation

Inzi Display Co'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 )
	=	26265.8	/	( ( (482525.979 - 237292.712)	+	(487997.8 - 240857.74) )	/ 2 )
	=	26265.8	/	( (245233.267	+	247140.06)	/ 2 )
	=	26265.8	/	246186.6635
	=	10.67 %

Inzi Display Co'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 )
	=	-6415.804	/	( ( (513349.692 - 265664.347)	+	(509047.216 - 276823.081) )	/ 2 )
	=	-6415.804	/	( ( 247685.345	+	232224.135 )	/ 2 )
	=	-6415.804	/	239954.74
	=	-2.67 %

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

Inzi Display Co (XKRX:037330) 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.

Inzi Display Co ROCE % Related Terms

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Inzi Display Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inzi Display Co Ltd (XKRX:037330) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Wongokmyeon 88, Danwon-gu, Ansan, KOR, 425-845

Website

http://www.inzidisplay.co.kr

Inzi Display Co Ltd is a precision component manufacturing company involved in producing and selling display components in South Korea. It offers chassis tops and bottoms, and other products; and front, middle rear, and rear covers. The company also provides ceramic heaters for use in hair irons, dryers, lamps, rice cooker parts, electronic ranges, iron pots, and industrial products, including injection mold small heaters, temperature controls, igniters, and immersion products; and other products.

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