Korea District Heating (XKRX:071320) ROCE % : 3.77% (As of Sep. 2024)

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What is Korea District Heating 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 District Heating's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.77%.

Korea District Heating ROCE % Historical Data

The historical data trend for Korea District Heating'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 District Heating ROCE % Chart

Korea District Heating Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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0.74

1.56

1.60

-3.70

5.61

Korea District Heating 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															-2.73	34.27	13.63	-1.16	3.77

Korea District Heating ROCE % Calculation

Korea District Heating'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 )
	=	320632.342	/	( ( (7478129.88 - 1995956.431)	+	(7968409.129 - 2028292.017) )	/ 2 )
	=	320632.342	/	( (5482173.449	+	5940117.112)	/ 2 )
	=	320632.342	/	5711145.2805
	=	5.61 %

Korea District Heating'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 )
	=	241696.316	/	( ( (7773409.784 - 1477712.945)	+	(7812450.136 - 1297958.295) )	/ 2 )
	=	241696.316	/	( ( 6295696.839	+	6514491.841 )	/ 2 )
	=	241696.316	/	6405094.34
	=	3.77 %

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

Korea District Heating (XKRX:071320) 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 District Heating ROCE % Related Terms

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Korea District Heating Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Korea District Heating Corp (XKRX:071320) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

368, Bundang-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, KOR, 463-908

Website

https://www.kdhc.co.kr

Korea District Heating Corp operates in the Korean utility sector. Its business is to produce hot and cold water for the purpose of power generation. Its heating systems make sure that apartments and commercial buildings need not have their own heating facilities, thereby saving energy and reducing atmospheric pollution.

Korea District Heating Headlines

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