SK Innovation Co (XKRX:096770) ROCE % : -2.49% (As of Sep. 2024)

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What is SK Innovation 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. SK Innovation Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -2.49%.

SK Innovation Co ROCE % Historical Data

The historical data trend for SK Innovation 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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SK Innovation Co ROCE % Chart

SK Innovation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.00

-8.50

3.88

9.39

4.56

SK Innovation Co 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															11.44	1.92	2.62	-1.19	-2.49

SK Innovation Co ROCE % Calculation

SK Innovation 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 )
	=	2076143.003	/	( ( (67218924.277 - 27557209.671)	+	(80835513.251 - 29399178.862) )	/ 2 )
	=	2076143.003	/	( (39661714.606	+	51436334.389)	/ 2 )
	=	2076143.003	/	45549024.4975
	=	4.56 %

SK Innovation Co'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 )
	=	-1387921.9	/	( ( (86390111.897 - 29743014.011)	+	(85173932.802 - 30199154.109) )	/ 2 )
	=	-1387921.9	/	( ( 56647097.886	+	54974778.693 )	/ 2 )
	=	-1387921.9	/	55810938.2895
	=	-2.49 %

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

SK Innovation Co (XKRX:096770) 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.

SK Innovation Co ROCE % Related Terms

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SK Innovation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SK Innovation Co Ltd (XKRX:096770) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

096775:Korea

Address

SK Building, 26, Jong-ro, Jongno-gu, Seoul, KOR

Website

http://www.skinnovation.com

SK Innovation Co Ltd is a global energy and chemical company. It operates in petroleum production, refining, chemicals, and lubricants. Operations are divided into four segments: Petroleum, Petrochemicals, Lubricants, and Others. The Petroleum segment provides majority of the revenue for the group. SK engages in exploration and production activities around the world. Petroleum products like gasoline, diesel, and asphalt are produced at its refineries in Korea. The business has a network of gas stations with a paid membership service. Additional subsidiaries under the Petroleum segment provide customized service information for freight truck business operators and a website for enterprise customers of SK Energy.

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