Hanjoo Light Metal Co (XKRX:198940) ROCE % : -9.79% (As of Dec. 2024)

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What is Hanjoo Light Metal 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. Hanjoo Light Metal Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -9.79%.

Hanjoo Light Metal Co ROCE % Historical Data

The historical data trend for Hanjoo Light Metal 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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Hanjoo Light Metal Co ROCE % Chart

Hanjoo Light Metal Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

9.71

13.33

6.37

-13.06

-4.02

Hanjoo Light Metal Co Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial										-10.86	1.91	1.84	-20.87	-9.79

Hanjoo Light Metal Co ROCE % Calculation

Hanjoo Light Metal 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 )
	=	-3176.128	/	( ( (195335.396 - 107169.268)	+	(210383.78 - 140364.836) )	/ 2 )
	=	-3176.128	/	( (88166.128	+	70018.944)	/ 2 )
	=	-3176.128	/	79092.536
	=	-4.02 %

Hanjoo Light Metal 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 )
	=	-7074.436	/	( ( (208682.785 - 134139.425)	+	(210383.78 - 140364.836) )	/ 2 )
	=	-7074.436	/	( ( 74543.36	+	70018.944 )	/ 2 )
	=	-7074.436	/	72281.152
	=	-9.79 %

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

Hanjoo Light Metal Co (XKRX:198940) 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.

Hanjoo Light Metal Co ROCE % Related Terms

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Hanjoo Light Metal Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hanjoo Light Metal Co Ltd (XKRX:198940) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

320 Hwasan-Ri Onsan-Eup, Ulju-Gun, Ulsan, KOR, 689-890

Website

http://www.hanjoometal.com

Hanjoo Light Metal Co Ltd is engaged in manufacturing of aluminum molded auto parts. The Company's products are engine parts for motor cycles, boats, cars, and chassis parts.

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