Sonid (XKRX:060230) ROCE % : -26.11% (As of Sep. 2024)

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What is Sonid 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. Sonid's annualized ROCE % for the quarter that ended in Sep. 2024 was -26.11%.

Sonid ROCE % Historical Data

The historical data trend for Sonid'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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Sonid ROCE % Chart

Sonid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.53

-0.36

-1.48

-11.86

-30.38

Sonid 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															26.50	-61.75	-12.75	-36.09	-26.11

Sonid ROCE % Calculation

Sonid'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 )
	=	-37121.089	/	( ( (147021.258 - 61081.748)	+	(242331.42 - 83922.051) )	/ 2 )
	=	-37121.089	/	( (85939.51	+	158409.369)	/ 2 )
	=	-37121.089	/	122174.4395
	=	-30.38 %

Sonid'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 )
	=	-43275.124	/	( ( (236279.431 - 69130.509)	+	(236173.332 - 71841.073) )	/ 2 )
	=	-43275.124	/	( ( 167148.922	+	164332.259 )	/ 2 )
	=	-43275.124	/	165740.5905
	=	-26.11 %

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

Sonid (XKRX:060230) 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.

Sonid ROCE % Related Terms

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Sonid Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sonid Inc (XKRX:060230) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

50, 2gongdan 7gil, Seobuk-gu, Chungcheongnam-do, Cheonan-si, KOR

Website

http://www.exax.co.kr

Sonid Inc, formerly Yapex Inc is involved in manufacturing and selling chemicals, electronic materials, and printed electronics in Korea. It offers chemical products for display manufacturing products, such as cleaners; developing chemicals to develop photo resist and dry film resist in the process of photolithography; wet etchants used for manufacturing photo-mask, a-si, LTPS, Oxide TFT, and TSP; and stripping chemicals to remove photo resist remained on LCD panel.

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