mPlus (XKRX:259630) ROCE % : 26.27% (As of Dec. 2024)

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What is mPlus 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. mPlus's annualized ROCE % for the quarter that ended in Dec. 2024 was 26.27%.

mPlus ROCE % Historical Data

The historical data trend for mPlus'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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mPlus ROCE % Chart

mPlus Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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9.97

-14.25

-21.50

32.87

16.80

mPlus Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial															34.25	26.07	4.27	14.89	26.27

mPlus ROCE % Calculation

mPlus'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 )
	=	17420.757	/	( ( (320260.27 - 239562.406)	+	(292834.854 - 166123.581) )	/ 2 )
	=	17420.757	/	( (80697.864	+	126711.273)	/ 2 )
	=	17420.757	/	103704.5685
	=	16.80 %

mPlus'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 )
	=	29757.308	/	( ( (336807.532 - 236964.93)	+	(292834.854 - 166123.581) )	/ 2 )
	=	29757.308	/	( ( 99842.602	+	126711.273 )	/ 2 )
	=	29757.308	/	113276.9375
	=	26.27 %

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

mPlus (XKRX:259630) 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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mPlus Business Description

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Address

320, Osangajwa-ro, Oksan-myeon, Heungdeok-gu, Cheongju, KOR

Website

http://www.mplusi.co.kr

mPlus Corp is an industry leader in rechargeable battery equipment. mPLUS has solidified its position at the forefront of the rapidly growing secondary battery equipment industry. mPLUS has continuously driven innovation, introducing cutting-edge technologies such as the 300ppm Notching machine and the high-speed 20+ppm Pouch cell production line. These advancements have propelled mPLUS to the forefront of market leadership.

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