Go Element Co (XKRX:311320) ROCE % : -6.23% (As of Dec. 2024)

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What is Go Element 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. Go Element Co's annualized ROCE % for the quarter that ended in Dec. 2024 was -6.23%.

Go Element Co ROCE % Historical Data

The historical data trend for Go Element 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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Go Element Co ROCE % Chart

Go Element Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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13.56

19.67

17.25

3.86

7.85

Go Element Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial												8.57	11.59	13.35	12.84	-6.23

Go Element Co ROCE % Calculation

Go Element 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 )
	=	4338.292	/	( ( (53203.402 - 2066.458)	+	(70134.943 - 10695.879) )	/ 2 )
	=	4338.292	/	( (51136.944	+	59439.064)	/ 2 )
	=	4338.292	/	55288.004
	=	7.85 %

Go Element 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 )
	=	-3801.736	/	( ( (74518.885 - 11992.651)	+	(70134.943 - 10695.879) )	/ 2 )
	=	-3801.736	/	( ( 62526.234	+	59439.064 )	/ 2 )
	=	-3801.736	/	60982.649
	=	-6.23 %

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

Go Element Co (XKRX:311320) 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.

Go Element Co ROCE % Related Terms

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Go Element Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Go Element Co Ltd (XKRX:311320) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

3 Gil 30 Geumseok-Dong Anseong-Si, Gyeonggi-Do, KOR

Website

http://www.goelement.co.kr

Go Element Co Ltd is engaged in the development and production of new concept advanced sensors used in manufacturing facilities in the electronics industry.

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