Innovex Co (XKRX:279060) ROCE % : -67.65% (As of Dec. 2023)

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What is Innovex 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. Innovex Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -67.65%.

Innovex Co ROCE % Historical Data

The historical data trend for Innovex 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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Innovex Co ROCE % Chart

Innovex Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-19.88

-437.12

-252.59

-98.89

-67.65

Innovex Co Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
ROCE %	-19.88	-437.12	-252.59	-98.89	-67.65

Innovex Co ROCE % Calculation

Innovex 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 )
	=	-1693.399	/	( ( (8214.094 - 4880.742)	+	(8755.152 - 7082.143) )	/ 2 )
	=	-1693.399	/	( (3333.352	+	1673.009)	/ 2 )
	=	-1693.399	/	2503.1805
	=	-67.65 %

Innovex 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: Dec. 2022 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Dec. 2022 )		(Q: Dec. 2023 )
	=	-1693.399	/	( ( (8214.094 - 4880.742)	+	(8755.152 - 7082.143) )	/ 2 )
	=	-1693.399	/	( ( 3333.352	+	1673.009 )	/ 2 )
	=	-1693.399	/	2503.1805
	=	-67.65 %

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

Innovex Co (XKRX:279060) 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.

Innovex Co ROCE % Related Terms

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Innovex Co (XKRX:279060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Innovex Co Ltd (XKRX:279060) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3, Cheongmyeongnam-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 16704

Website

http://www.innovex.co.kr

Innovex Co Ltd is involved in providing technology related solutions for advertising. It provides Tunnel Advertising System which is an imaging system which creates advertisement screens on the dark side of tunnel with LED bars installed on the wall of the tunnel. The company also provides others solutions including Spin TV, Wing TV and DDM.

Innovex Co (XKRX:279060) Headlines

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