Wooriro Co (XKRX:046970) ROCE % : -7.52% (As of Sep. 2024)

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What is Wooriro 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. Wooriro Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.52%.

Wooriro Co ROCE % Historical Data

The historical data trend for Wooriro 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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Wooriro Co ROCE % Chart

Wooriro Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-27.56

-16.39

49.43

-1.08

-9.75

Wooriro 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															-8.08	-18.41	-4.29	-7.16	-7.52

Wooriro Co ROCE % Calculation

Wooriro 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 )
	=	-4247.331	/	( ( (60975.031 - 21106.925)	+	(60190.44 - 12905.697) )	/ 2 )
	=	-4247.331	/	( (39868.106	+	47284.743)	/ 2 )
	=	-4247.331	/	43576.4245
	=	-9.75 %

Wooriro 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 )
	=	-3458.492	/	( ( (59475.436 - 13218.813)	+	(61504.355 - 15776.293) )	/ 2 )
	=	-3458.492	/	( ( 46256.623	+	45728.062 )	/ 2 )
	=	-3458.492	/	45992.3425
	=	-7.52 %

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

Wooriro Co (XKRX:046970) 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.

Wooriro Co ROCE % Related Terms

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Wooriro Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wooriro Co Ltd (XKRX:046970) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

1034, Woljeon-dong, Gwangsan-gu, Gwangju, KOR, 102-22

Website

http://www.wooriro.com

Wooriro Co Ltd is an optical communication company in Korea. The company researches and develops optical telecommunication devices. Its product line includes Passive optical communication, Active optical communication, LIDAR receiver module, RADAR (radio detecting and ranging) among others.

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