Korea New Network (XKRX:058400) ROCE % : 5.12% (As of Dec. 2024)

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What is Korea New Network 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. Korea New Network's annualized ROCE % for the quarter that ended in Dec. 2024 was 5.12%.

Korea New Network ROCE % Historical Data

The historical data trend for Korea New Network'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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Korea New Network ROCE % Chart

Korea New Network Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.94

5.82

4.57

5.03

4.59

Korea New Network 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															3.98	2.31	8.61	2.39	5.12

Korea New Network ROCE % Calculation

Korea New Network'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 )
	=	10103.715	/	( ( (230075.315 - 12211.968)	+	(236345.158 - 13735.547) )	/ 2 )
	=	10103.715	/	( (217863.347	+	222609.611)	/ 2 )
	=	10103.715	/	220236.479
	=	4.59 %

Korea New Network'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 )
	=	11347.4	/	( ( (231609.227 - 10717.343)	+	(236345.158 - 13735.547) )	/ 2 )
	=	11347.4	/	( ( 220891.884	+	222609.611 )	/ 2 )
	=	11347.4	/	221750.7475
	=	5.12 %

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

Korea New Network (XKRX:058400) 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.

Korea New Network ROCE % Related Terms

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Korea New Network Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Korea New Network Corp (XKRX:058400) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

30 KNN Tower, 30 Centumseo-ro, Haeundae-gu, Busan, KOR, 611-711

Website

http://www.knn.co.kr

Korea New Network Corp is Korea's civil broadcasting company for Pusan and Kyungnam region of Korea. The company develops programs for the local community and provides information on various issues, and expands to satellite/digital broadcasting.

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