GITSN (XKRX:289860) ROCE % : 17.83% (As of Dec. 2023)

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What is GITSN 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. GITSN's annualized ROCE % for the quarter that ended in Dec. 2023 was 17.83%.

GITSN ROCE % Historical Data

The historical data trend for GITSN'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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GITSN ROCE % Chart

GITSN Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-27.16

-41.20

17.83

GITSN Semi-Annual Data
	Dec21	Dec22	Dec23
ROCE %	-27.16	-41.20	17.83

GITSN ROCE % Calculation

GITSN'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 )
	=	1474.811	/	( ( (12518.542 - 5271.856)	+	(14911.649 - 5610.773) )	/ 2 )
	=	1474.811	/	( (7246.686	+	9300.876)	/ 2 )
	=	1474.811	/	8273.781
	=	17.83 %

GITSN'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 )
	=	1474.811	/	( ( (12518.542 - 5271.856)	+	(14911.649 - 5610.773) )	/ 2 )
	=	1474.811	/	( ( 7246.686	+	9300.876 )	/ 2 )
	=	1474.811	/	8273.781
	=	17.83 %

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

GITSN (XKRX:289860) 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.

GITSN ROCE % Related Terms

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GITSN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GITSN Inc (XKRX:289860) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 601, 602, 604, and 605, 288, Digital-ro, Guro-gu, Seoul, KOR, 08390

Website

https://www.gitsn.com

GITSN Inc is a high-tech security technology company. It is engaged in researching and producing security solutions to protect customers against high-tech security threats such as eavesdropping and illegal photography that disrupt daily lives. The company has developed and released a Wireless Hacking Detection System that protects the country and corporations against spy chips. It products include Intelligent eavesdropping detection system, wireless hacking detecting system and portable radio frequency detector.

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