Nobland International (XKRX:145170) ROCE % : 18.45% (As of Sep. 2024)

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What is Nobland International 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. Nobland International's annualized ROCE % for the quarter that ended in Sep. 2024 was 18.45%.

Nobland International ROCE % Historical Data

The historical data trend for Nobland International'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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Nobland International ROCE % Chart

Nobland International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-17.74

16.61

40.72

9.86

Nobland International Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			0.15	32.48	-10.14	-48.84	18.45

Nobland International ROCE % Calculation

Nobland International'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 )
	=	12288.224	/	( ( (261526.517 - 155349.891)	+	(272954.024 - 129823.152) )	/ 2 )
	=	12288.224	/	( (106176.626	+	143130.872)	/ 2 )
	=	12288.224	/	124653.749
	=	9.86 %

Nobland International'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 )
	=	36979.568	/	( ( (322184.699 - 124570.876)	+	(297031.845 - 93863.56) )	/ 2 )
	=	36979.568	/	( ( 197613.823	+	203168.285 )	/ 2 )
	=	36979.568	/	200391.054
	=	18.45 %

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

Nobland International (XKRX:145170) 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.

Nobland International ROCE % Related Terms

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Nobland International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nobland International Inc (XKRX:145170) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Ogeumro 46 Gil, Nobland B/D 49, Songpagu, Seoul, KOR, 05785

Website

http://www.nobland.com

Nobland International Inc is a Korea-based apparel manufacturing company. The company manufactures, cuts, and sews knitted and woven wear products for New York-based Designer Brand. The company allows collaboration and customization services to tailor needs of client group with the help of its Full Service Vendor Model.

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