NewFlex Technology Co (XKRX:085670) ROCE % : 56.12% (As of Mar. 2024)

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What is NewFlex Technology Co 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. NewFlex Technology Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 56.12%.

NewFlex Technology Co ROCE % Historical Data

The historical data trend for NewFlex Technology Co'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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NewFlex Technology Co ROCE % Chart

NewFlex Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-9.92

-13.30

8.08

28.26

13.06

NewFlex Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															14.32	-6.45	31.36	19.53	56.12

NewFlex Technology Co ROCE % Calculation

NewFlex Technology Co'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 )
	=	10280.304	/	( ( (175102.973 - 98937.561)	+	(162058.969 - 80842.884) )	/ 2 )
	=	10280.304	/	( (76165.412	+	81216.085)	/ 2 )
	=	10280.304	/	78690.7485
	=	13.06 %

NewFlex Technology Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	47242.18	/	( ( (162058.969 - 80842.884)	+	(152316.592 - 65162.256) )	/ 2 )
	=	47242.18	/	( ( 81216.085	+	87154.336 )	/ 2 )
	=	47242.18	/	84185.2105
	=	56.12 %

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

NewFlex Technology Co (XKRX:085670) 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.

NewFlex Technology Co ROCE % Related Terms

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NewFlex Technology Co (XKRX:085670) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NewFlex Technology Co Ltd (XKRX:085670) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

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Address

603-4 Banwoul Industry Complex, 1055 Shingil-dong, Danwon-gu, Ansan, Gyeonggi, KOR, 425-839

Website

http://www.newflex.co.kr

NewFlex Technology Co Ltd is involved in manufacturing and selling flexible printed circuit boards products in South Korea. The company offers single side, double side, multi-layer, rigid, and build-up and IVH flexible printed circuit boards, as well as metal, printed circuit boards. Its products are primarily used in mobile, LED, and IT parts.

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