Bluetop Co (XKRX:191600) ROCE % : 10.49% (As of Dec. 2023)

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What is Bluetop 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. Bluetop Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 10.49%.

Bluetop Co ROCE % Historical Data

The historical data trend for Bluetop 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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Bluetop Co ROCE % Chart

Bluetop Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.02

-9.41

-10.35

7.96

10.49

Bluetop Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	Get a 7-Day Free Trial				8.02	-9.41	-10.35	7.96	10.49

Bluetop Co ROCE % Calculation

Bluetop 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 )
	=	1856.681	/	( ( (42837.324 - 25025.956)	+	(45174.223 - 27587.202) )	/ 2 )
	=	1856.681	/	( (17811.368	+	17587.021)	/ 2 )
	=	1856.681	/	17699.1945
	=	10.49 %

Bluetop 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 )
	=	1856.681	/	( ( (42837.324 - 25025.956)	+	(45174.223 - 27587.202) )	/ 2 )
	=	1856.681	/	( ( 17811.368	+	17587.021 )	/ 2 )
	=	1856.681	/	17699.1945
	=	10.49 %

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

Bluetop Co (XKRX:191600) 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.

Bluetop Co ROCE % Related Terms

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Bluetop Co (XKRX:191600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bluetop Co Ltd (XKRX:191600) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

280, Sihwa-ro, Danwon-gu, Ansan-si, Gyeonggi-do, ZAF

Website

http://www.tkc21.com

Bluetop Co Ltd formerly TKC Co Ltd develops technologies for the purpose of localizing Wet Process and Plating Process related with Information Technology.

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