Dong In Entech Co (XKRX:111380) ROCE % : 21.74% (As of Dec. 2023)

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What is Dong In Entech 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. Dong In Entech Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.74%.

Dong In Entech Co ROCE % Historical Data

The historical data trend for Dong In Entech 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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Dong In Entech Co ROCE % Chart

Dong In Entech Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

42.05

64.48

29.16

Dong In Entech Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
ROCE %	-	50.24	49.86	21.74

Dong In Entech Co ROCE % Calculation

Dong In Entech 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 )
	=	33606.724	/	( ( (198494.535 - 116807.276)	+	(217309.009 - 68534.456) )	/ 2 )
	=	33606.724	/	( (81687.259	+	148774.553)	/ 2 )
	=	33606.724	/	115230.906
	=	29.16 %

Dong In Entech 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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	25487.92	/	( ( (202981.327 - 117305.322)	+	(217309.009 - 68534.456) )	/ 2 )
	=	25487.92	/	( ( 85676.005	+	148774.553 )	/ 2 )
	=	25487.92	/	117225.279
	=	21.74 %

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

Dong In Entech Co (XKRX:111380) 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.

Dong In Entech Co ROCE % Related Terms

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Dong In Entech Co (XKRX:111380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dong In Entech Co Ltd (XKRX:111380) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

370-26 Daegotbuk-ro, Tongjin-eup, Gyeonggi-do, Gimpo-si, KOR

Website

http://www.dong-in.com

Dong In Entech Co Ltd is a global outdoor brand manufacturing company, it develops and produces professional backpacks, leisure sports equipment, and baby products by combining ultra-lightweight, high-strength aluminum processing technology with ergonomic sewing technology.

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