Sangsin Brake Co (XKRX:041650) ROCE % : 16.25% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Sangsin Brake 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. Sangsin Brake Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 16.25%.

Sangsin Brake Co ROCE % Historical Data

The historical data trend for Sangsin Brake 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.

* Premium members only.

Sangsin Brake Co ROCE % Chart

Sangsin Brake Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

8.06

3.31

8.61

6.42

12.99

Sangsin Brake Co 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															11.93	10.60	20.10	9.16	16.25

Sangsin Brake Co ROCE % Calculation

Sangsin Brake 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 )
	=	31439.541	/	( ( (544569.686 - 304792.526)	+	(564873.379 - 320654.729) )	/ 2 )
	=	31439.541	/	( (239777.16	+	244218.65)	/ 2 )
	=	31439.541	/	241997.905
	=	12.99 %

Sangsin Brake Co'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 )
	=	39883.224	/	( ( (564873.379 - 320654.729)	+	(571808.143 - 325020.338) )	/ 2 )
	=	39883.224	/	( ( 244218.65	+	246787.805 )	/ 2 )
	=	39883.224	/	245503.2275
	=	16.25 %

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

Sangsin Brake Co (XKRX:041650) 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.

Sangsin Brake Co ROCE % Related Terms

Thank you for viewing the detailed overview of Sangsin Brake Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Sangsin Brake Co (XKRX:041650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sangsin Brake Co Ltd (XKRX:041650) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

1-37, Buk-ri, Nongong-eup, Dalseong-gun, Daegu, KOR, 711-713

Website

http://www.sangsin.com

Sangsin Brake Co Ltd is engaged in manufacturing of brake parts in South Korea. Its products include brake pads, brake shoe assemblies, brake assemblies, brake linings, rail brakes, retarders, tuning parts, yaw brakes, brake systems, brake discs and drums, and brake parts.

Sangsin Brake Co (XKRX:041650) Headlines

No Headlines