Hyosung Heavy Industries Co (XKRX:298040) ROCE % : 14.18% (As of Dec. 2024)

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What is Hyosung Heavy Industries 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. Hyosung Heavy Industries Co's annualized ROCE % for the quarter that ended in Dec. 2024 was 14.18%.

Hyosung Heavy Industries Co ROCE % Historical Data

The historical data trend for Hyosung Heavy Industries 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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Hyosung Heavy Industries Co ROCE % Chart

Hyosung Heavy Industries Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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1.86

6.66

5.55

12.67

12.32

Hyosung Heavy Industries Co 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															14.19	12.21	12.51	23.43	14.18

Hyosung Heavy Industries Co ROCE % Calculation

Hyosung Heavy Industries 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 )
	=	312747.942	/	( ( (4761300.218 - 2811484.808)	+	(6218812.921 - 3092775.16) )	/ 2 )
	=	312747.942	/	( (1949815.41	+	3126037.761)	/ 2 )
	=	312747.942	/	2537926.5855
	=	12.32 %

Hyosung Heavy Industries 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 )
	=	357432.428	/	( ( (5100602.013 - 3185589.172)	+	(6218812.921 - 3092775.16) )	/ 2 )
	=	357432.428	/	( ( 1915012.841	+	3126037.761 )	/ 2 )
	=	357432.428	/	2520525.301
	=	14.18 %

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

Hyosung Heavy Industries Co (XKRX:298040) 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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Hyosung Heavy Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyosung Heavy Industries Co Ltd (XKRX:298040) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mapo 119, Mapo-gu, Seoul, KOR, 04144

Website

http://www.hyosungheavyindustries.com

Hyosung Heavy Industries Co Ltd provides technology solutions in the field of heavy electric power and develops industrial machinery. The company is involved in various construction projects such as housing, redevelopment and reconstruction. The company also offers welding solutions, gear solutions, and system and engineering solutions.

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