Edge Foundry Co (XKRX:105550) ROCE % : -7.76% (As of Sep. 2024)

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What is Edge Foundry 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. Edge Foundry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -7.76%.

Edge Foundry Co ROCE % Historical Data

The historical data trend for Edge Foundry 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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Edge Foundry Co ROCE % Chart

Edge Foundry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-5.65

9.21

-7.86

-4.29

-29.20

Edge Foundry 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															-3.14	-108.01	-10.60	-4.35	-7.76

Edge Foundry Co ROCE % Calculation

Edge Foundry 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 )
	=	-19095.82	/	( ( (114165.585 - 42584.218)	+	(104302.926 - 45086.157) )	/ 2 )
	=	-19095.82	/	( (71581.367	+	59216.769)	/ 2 )
	=	-19095.82	/	65399.068
	=	-29.20 %

Edge Foundry 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 )
	=	-6245.744	/	( ( (113834.309 - 30294.789)	+	(108878.984 - 31489.658) )	/ 2 )
	=	-6245.744	/	( ( 83539.52	+	77389.326 )	/ 2 )
	=	-6245.744	/	80464.423
	=	-7.76 %

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

Edge Foundry Co (XKRX:105550) 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.

Edge Foundry Co ROCE % Related Terms

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Edge Foundry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Edge Foundry Co Ltd (XKRX:105550) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

385, Expo-ro, Yuseong-gu, Daejeon, KOR, 306-230

Website

http://eng.truwin.co.kr

Edge Foundry Co Ltd Formerly Truwin Co Ltd is engaged in the manufacturing of motor vehicle parts and accessories. The Company's products includes steering angle sensors, steering torque, clutch sensors, and throttle position sensors.

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