HanJung Natural Connectivity System Co (XKRX:107640) ROCE % : -20.36% (As of Dec. 2023)

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What is HanJung Natural Connectivity System 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. HanJung Natural Connectivity System Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -20.36%.

HanJung Natural Connectivity System Co ROCE % Historical Data

The historical data trend for HanJung Natural Connectivity System 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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HanJung Natural Connectivity System Co ROCE % Chart

HanJung Natural Connectivity System Co Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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5.25

-9.13

-0.17

-39.28

-20.36

HanJung Natural Connectivity System Co Semi-Annual Data
	Dec12	Dec13	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial						5.25	-9.13	-0.17	-39.28	-20.36

HanJung Natural Connectivity System Co ROCE % Calculation

HanJung Natural Connectivity System 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 )
	=	-11936.177	/	( ( (117463.506 - 58198.89)	+	(122602.853 - 64618.76) )	/ 2 )
	=	-11936.177	/	( (59264.616	+	57984.093)	/ 2 )
	=	-11936.177	/	58624.3545
	=	-20.36 %

HanJung Natural Connectivity System Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-11936.177	/	( ( (117463.506 - 58198.89)	+	(122602.853 - 64618.76) )	/ 2 )
	=	-11936.177	/	( ( 59264.616	+	57984.093 )	/ 2 )
	=	-11936.177	/	58624.3545
	=	-20.36 %

(1) Note: The EBIT data used here is one times the annual (Dec. 2023) EBIT data.

HanJung Natural Connectivity System Co (XKRX:107640) 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.

HanJung Natural Connectivity System Co ROCE % Related Terms

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HanJung Natural Connectivity System Co (XKRX:107640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » HanJung Natural Connectivity System Co Ltd (XKRX:107640) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

9B1L Youngcheon General Industry Complex, Chaesin-Dong, Gyeongsangbuk-do, Yeongcheon-si, KOR, 770-160

Website

http://www.hjncs.com

HanJung Natural Connectivity System Co Ltd is an automobile parts manufacturer. The company offered products include head lamp shield, spare tire carrier, parking brake lever, weight classification system, auto levelling sensor, exhaust system, and injection mold, among others. The organization sells its products in Korea and other countries like Germany, India, China, USA and Mexico.

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