Solid (XKRX:050890) ROCE % : 9.79% (As of Sep. 2024)

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What is Solid 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. Solid's annualized ROCE % for the quarter that ended in Sep. 2024 was 9.79%.

Solid ROCE % Historical Data

The historical data trend for Solid'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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Solid ROCE % Chart

Solid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.42

-8.68

20.95

17.35

19.09

Solid 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															15.23	26.85	23.57	12.67	9.79

Solid ROCE % Calculation

Solid'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 )
	=	53683.763	/	( ( (434335.17 - 194527.482)	+	(457248.294 - 134591.82) )	/ 2 )
	=	53683.763	/	( (239807.688	+	322656.474)	/ 2 )
	=	53683.763	/	281232.081
	=	19.09 %

Solid'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 )
	=	33948.544	/	( ( (478152.999 - 135409.974)	+	(473299.249 - 122418.378) )	/ 2 )
	=	33948.544	/	( ( 342743.025	+	350880.871 )	/ 2 )
	=	33948.544	/	346811.948
	=	9.79 %

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

Solid (XKRX:050890) 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.

Solid ROCE % Related Terms

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Solid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Inc (XKRX:050890) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Solid Space, 10th floor, Pangyoyeok-ro 220, Bundang, Gyeonggi, Seongnam, KOR, 463-400

Website

http://www.solid.co.kr

Solid Inc is engaged in developing and providing wired and wireless telecommunication solutions. It offers distributed antenna systems (DAS), including multi-carrier DAS, single-carrier DAS, high power multi-band DAS, and DAS management systems (DMS); and interference cancellation systems (ICS), such as high-power ICS, low power plug-n-play repeaters. It also provides metro products comprising re-configurable optical add-drop multiplexer devices; fiber multiplexing solutions and tactical information communication systems.

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