Artist Studio (XKRX:200350) ROCE % : 1.98% (As of Sep. 2024)

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What is Artist Studio 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. Artist Studio's annualized ROCE % for the quarter that ended in Sep. 2024 was 1.98%.

Artist Studio ROCE % Historical Data

The historical data trend for Artist Studio'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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Artist Studio ROCE % Chart

Artist Studio Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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25.63

13.72

8.74

-15.03

-16.98

Artist Studio Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial												-26.05	-47.48	-2.49	-5.08	1.98

Artist Studio ROCE % Calculation

Artist Studio'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 )
	=	-7457.989	/	( ( (71642.269 - 26455.348)	+	(50859.306 - 8192.088) )	/ 2 )
	=	-7457.989	/	( (45186.921	+	42667.218)	/ 2 )
	=	-7457.989	/	43927.0695
	=	-16.98 %

Artist Studio'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 )
	=	1428.492	/	( ( (74290.018 - 2455.888)	+	(77924.98 - 5793.782) )	/ 2 )
	=	1428.492	/	( ( 71834.13	+	72131.198 )	/ 2 )
	=	1428.492	/	71982.664
	=	1.98 %

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

Artist Studio (XKRX:200350) 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.

Artist Studio ROCE % Related Terms

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Artist Studio Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Artist Studio Inc (XKRX:200350) » Definitions » ROCE %

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Address

19, Hakdong-ro 25-gil, Gangnam-gu, Seoul, KOR

Website

http://www.raemongraein.co.kr

RaemongRaein Co Ltd is an entertainment management company. It is engaged in production and broadcast of entertainment management, film, animation, publishing, music, and games. The company's business divisions include drama production division, content planning division, business management division, marketing business division, management business division and music business division.

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