ITCEN Co (XKRX:124500) ROCE % : 49.12% (As of Mar. 2024)

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What is ITCEN 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. ITCEN Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 49.12%.

ITCEN Co ROCE % Historical Data

The historical data trend for ITCEN 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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ITCEN Co ROCE % Chart

ITCEN Co Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.16

6.00

4.08

13.64

2.61

ITCEN 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															1.02	2.70	2.86	4.33	49.12

ITCEN Co ROCE % Calculation

ITCEN 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 )
	=	8225.983	/	( ( (830502.515 - 495237.726)	+	(777368.405 - 481328.669) )	/ 2 )
	=	8225.983	/	( (335264.789	+	296039.736)	/ 2 )
	=	8225.983	/	315652.2625
	=	2.61 %

ITCEN 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 )
	=	146115.452	/	( ( (777368.405 - 481328.669)	+	(742917.81 - 444002.815) )	/ 2 )
	=	146115.452	/	( ( 296039.736	+	298914.995 )	/ 2 )
	=	146115.452	/	297477.3655
	=	49.12 %

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

ITCEN Co (XKRX:124500) 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.

ITCEN Co ROCE % Related Terms

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ITCEN Co (XKRX:124500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ITCEN Co Ltd (XKRX:124500) » Definitions » ROCE %

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N/A

Address

13, Banpo-daero, Seocho-gu, Seoul, KOR, 137867

Website

http://www.itcensys.co.kr

ITCEN Co Ltd is engaged in Information technology sector. The company provides information systems design and development, information technology infrastructure and services. It also offers Information communication and technology services (ICT) from planning to development, building and further operation of the information system.

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