Point Engineering Co (XKRX:256630) ROCE % : -14.76% (As of Dec. 2023)

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What is Point Engineering 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. Point Engineering Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -14.76%.

Point Engineering Co ROCE % Historical Data

The historical data trend for Point Engineering 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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Point Engineering Co ROCE % Chart

Point Engineering Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.52

13.84

4.72

0.50

-9.52

Point Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-31.03	-4.11	-7.21	-11.48	-14.76

Point Engineering Co ROCE % Calculation

Point Engineering 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 )
	=	-7764.071	/	( ( (102281.455 - 20273.872)	+	(97964.117 - 16903.834) )	/ 2 )
	=	-7764.071	/	( (82007.583	+	81060.283)	/ 2 )
	=	-7764.071	/	81533.933
	=	-9.52 %

Point Engineering 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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-12255.304	/	( ( (101894.373 - 16896.442)	+	(97964.117 - 16903.834) )	/ 2 )
	=	-12255.304	/	( ( 84997.931	+	81060.283 )	/ 2 )
	=	-12255.304	/	83029.107
	=	-14.76 %

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

Point Engineering Co (XKRX:256630) 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.

Point Engineering Co ROCE % Related Terms

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Point Engineering Co (XKRX:256630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Point Engineering Co Ltd (XKRX:256630) » Definitions » ROCE %

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Address

89 Asan Valley-ro, Dunpo-Myeon, Chungnam, Asan-si, KOR

Website

http://www.pointeng.co.kr

Point Engineering Co Ltd is a South Korea based company engaged in manufacturing of precision parts and materials based on fine machining and surface treatment technology. The products of the company include LCD Parts such as Susceptor, Diffuser, Backing Plate and Upper Electrode. It also provides Etch Part and Metal Frame among other products.

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