FORMETAL Co (XKRX:119500) ROCE % : -0.36% (As of Dec. 2024)

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What is FORMETAL 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. FORMETAL Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -0.36%.

FORMETAL Co ROCE % Historical Data

The historical data trend for FORMETAL 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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FORMETAL Co ROCE % Chart

FORMETAL Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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3.92

4.41

3.83

4.38

3.38

FORMETAL Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															3.58	3.35	6.43	4.12	-0.36

FORMETAL Co ROCE % Calculation

FORMETAL Co's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	1729.689	/	( ( (65547.374 - 14699.243)	+	(62217.99 - 10660.734) )	/ 2 )
	=	1729.689	/	( (50848.131	+	51557.256)	/ 2 )
	=	1729.689	/	51202.6935
	=	3.38 %

FORMETAL Co's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	-187.948	/	( ( (64627.162 - 12758.687)	+	(62217.99 - 10660.734) )	/ 2 )
	=	-187.948	/	( ( 51868.475	+	51557.256 )	/ 2 )
	=	-187.948	/	51712.8655
	=	-0.36 %

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

FORMETAL Co (XKRX:119500) 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.

FORMETAL Co ROCE % Related Terms

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FORMETAL Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

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