FreeMs (XKRX:053160) ROCE % : -3.42% (As of Dec. 2024)

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What is FreeMs 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. FreeMs's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.42%.

FreeMs ROCE % Historical Data

The historical data trend for FreeMs'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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FreeMs ROCE % Chart

FreeMs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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0.14

2.25

2.33

1.18

-1.91

FreeMs 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															-0.04	-3.74	-0.78	0.37	-3.42

FreeMs ROCE % Calculation

FreeMs'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 )
	=	-1135.27	/	( ( (64506.378 - 2776.686)	+	(60758.793 - 3918.506) )	/ 2 )
	=	-1135.27	/	( (61729.692	+	56840.287)	/ 2 )
	=	-1135.27	/	59284.9895
	=	-1.91 %

FreeMs'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 )
	=	-1981.064	/	( ( (62002.448 - 3158.639)	+	(60758.793 - 3918.506) )	/ 2 )
	=	-1981.064	/	( ( 58843.809	+	56840.287 )	/ 2 )
	=	-1981.064	/	57842.048
	=	-3.42 %

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

FreeMs (XKRX:053160) 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.

FreeMs ROCE % Related Terms

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FreeMs Business Description

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Address

14, Samjak-ro 178beon-gil, Ojeong-gu, Gyeonggi-do, Bucheon-si, KOR, 421-160

Website

http://www.freems.co.kr

FreeMs Corp is a Korean manufacturer of Wire harness, Main control unit (MCU), Cluster (Panel Guage) in the construction and heavy industrial equipment fields. The organization is also involved in the business with EMS (Electronic manufacturing services) such as cash dispensing machine, ATM and automatic bill payment machine. The organization offered products have applications in industrial vehicles, CNG engines, construction machineries, agricultural machineries, railroad and others. The EMS business also provides OEM services for banking terminal units such as passbook printers, cash dispensers and horse racing ticket dispensers, and surface mounting technology service products such as LCD modules for mobile phones and LED board assemblies.

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