SMEC Co (XKRX:099440) ROCE % : 25.58% (As of Mar. 2024)

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What is SMEC 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. SMEC Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 25.58%.

SMEC Co ROCE % Historical Data

The historical data trend for SMEC 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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SMEC Co ROCE % Chart

SMEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-12.86

-21.85

-15.22

19.21

22.03

SMEC 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															26.15	25.41	21.78	14.19	25.58

SMEC Co ROCE % Calculation

SMEC 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 )
	=	21959.559	/	( ( (193578.83 - 109019.779)	+	(207350.367 - 92532.574) )	/ 2 )
	=	21959.559	/	( (84559.051	+	114817.793)	/ 2 )
	=	21959.559	/	99688.422
	=	22.03 %

SMEC 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 )
	=	30202.408	/	( ( (207350.367 - 92532.574)	+	(220603.824 - 99263.735) )	/ 2 )
	=	30202.408	/	( ( 114817.793	+	121340.089 )	/ 2 )
	=	30202.408	/	118078.941
	=	25.58 %

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

SMEC Co (XKRX:099440) 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.

SMEC Co ROCE % Related Terms

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SMEC Co (XKRX:099440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMEC Co Ltd (XKRX:099440) » Definitions » ROCE %

Comparable Companies

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N/A

Address

666 Gasul-ri, Daesan-myeon, Changwon, Ulsan, Gyeongsangnam-do, KOR, 8231500-4800

Website

http://www.esmec.com

SMEC Co Ltd manufactures and sells machine tools, semiconductor and telecommunication equipment, robots, and laser equipment. The company offers machine tools, such as CNC lathes, machining center; parts; and robots associated with LCD production. It also provides network solutions, such as trunk, signaling, media, video, and IMS media gateways, as well as media gateway controllers, media resource function solutions, and session border controllers; LTE gateway solutions, including LTE SmallCell, evolved packet data, and trusted wireless access gateways; and WiFi solutions comprising WiFi access points and WiFi AP controllers. In addition, the company offers military satellite communication system; Internet of things; digital radio communication system solutions.

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