Meere Co (XKRX:049950) ROCE % : 6.39% (As of Dec. 2024)

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What is Meere 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. Meere Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.39%.

Meere Co ROCE % Historical Data

The historical data trend for Meere 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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Meere Co ROCE % Chart

Meere Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-17.71

5.97

26.52

4.37

-6.52

Meere Co 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															-21.45	-16.08	-4.09	-12.55	6.39

Meere Co ROCE % Calculation

Meere Co'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 )
	=	-8579.652	/	( ( (155294.715 - 20418.642)	+	(149198.686 - 20893.455) )	/ 2 )
	=	-8579.652	/	( (134876.073	+	128305.231)	/ 2 )
	=	-8579.652	/	131590.652
	=	-6.52 %

Meere Co'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 )
	=	8098.688	/	( ( (147449.517 - 22368.423)	+	(149198.686 - 20893.455) )	/ 2 )
	=	8098.688	/	( ( 125081.094	+	128305.231 )	/ 2 )
	=	8098.688	/	126693.1625
	=	6.39 %

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

Meere Co (XKRX:049950) 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.

Meere Co ROCE % Related Terms

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Meere Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Meere Co Inc (XKRX:049950) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

69-12, Jeongmunsongsan-ro, Yanggam-Myeon, Hwaseong, Gyeonggi, KOR

Website

http://www.meerecompany.com

Meere Co Inc designs & develops components & equipment for liquid crystal display, semi-conductor automation & solar battery. Its products include grinder, inspection, laser machine, wafer sorter, auto packing machine, memory repair, three dimensional (3D) thickness metrology and 3-dimensional surface profiler, laser scriber, cell counter, surgical robot, and time of flight 3D range camera.

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