Mirai Semiconductors Co (XKRX:254490) ROCE % : 6.08% (As of Dec. 2024)

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What is Mirai Semiconductors 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. Mirai Semiconductors Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 6.08%.

Mirai Semiconductors Co ROCE % Historical Data

The historical data trend for Mirai Semiconductors 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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Mirai Semiconductors Co ROCE % Chart

Mirai Semiconductors Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

19.74

50.67

33.54

11.24

10.84

Mirai Semiconductors Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial									10.48	15.51	12.94	10.21	6.08

Mirai Semiconductors Co ROCE % Calculation

Mirai Semiconductors 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 )
	=	10670.811	/	( ( (149322.717 - 53101.433)	+	(133306.339 - 32573.494) )	/ 2 )
	=	10670.811	/	( (96221.284	+	100732.845)	/ 2 )
	=	10670.811	/	98477.0645
	=	10.84 %

Mirai Semiconductors 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 )
	=	6128.804	/	( ( (158063.921 - 57241.719)	+	(133306.339 - 32573.494) )	/ 2 )
	=	6128.804	/	( ( 100822.202	+	100732.845 )	/ 2 )
	=	6128.804	/	100777.5235
	=	6.08 %

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

Mirai Semiconductors Co (XKRX:254490) 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.

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Mirai Semiconductors Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mirai Semiconductors Co Ltd (XKRX:254490) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

15, Gyeongin-ro 53-gil, 4403, Na-dong, Guro-gu, Seoul, KOR, 08217

Website

http://www.miraisemi.co.kr

Mirai Semiconductors Co Ltd is engaged in the semiconductors and related device business. It offers SD card, MSD card, card, memory card, flash, dram, EMMC, SSD, wafer and other products.

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