Hankook Technology (XKRX:053595.PFD) ROCE % : 0.00% (As of Jun. 2024)

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What is Hankook Technology 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. Hankook Technology's annualized ROCE % for the quarter that ended in Jun. 2024 was 0.00%.

Hankook Technology ROCE % Historical Data

The historical data trend for Hankook Technology'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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Hankook Technology ROCE % Chart

Hankook Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-19.14

-7.43

-5.79

-18.33

-56.99

Hankook Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial															-2.72	3.28	-224.10	-	-

Hankook Technology ROCE % Calculation

Hankook Technology'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 )
	=	-28451.152	/	( ( (325457.295 - 221038.268)	+	(28013.568 - 32587.443) )	/ 2 )
	=	-28451.152	/	( (104419.027	+	-4573.875)	/ 2 )
	=	-28451.152	/	49922.576
	=	-56.99 %

Hankook Technology's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-682.48	/	( ( (27957.664 - 32666.122)	+	(24093.165 - 29018.969) )	/ 2 )
	=	-682.48	/	( ( -4708.458	+	-4925.804 )	/ 2 )
	=	-682.48	/	-4817.131
	=	0 %

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

Hankook Technology (XKRX:053595.PFD) 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.

Hankook Technology ROCE % Related Terms

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Hankook Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hankook Technology Inc (XKRX:053595.PFD) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Pureun Building 28-1 Jamwon-Dong, Seocho-gu, Seoul, KOR, 137-904

Website

http://www.myht.co.kr

Hankook Technology Inc operate is engaged in product development, production, and export business in the field of automobile parts, high grade and low grade coal conversion business, and medium and low level radioactive waste volume reduction project.

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