Huyndai Movex Co (XKRX:319400) ROCE % : 13.68% (As of Sep. 2024)

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What is Huyndai Movex 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. Huyndai Movex Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 13.68%.

Huyndai Movex Co ROCE % Historical Data

The historical data trend for Huyndai Movex 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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Huyndai Movex Co ROCE % Chart

Huyndai Movex Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

0.96

24.12

9.98

8.36

3.08

Huyndai Movex Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.45	14.55	13.38	8.11	13.68

Huyndai Movex Co ROCE % Calculation

Huyndai Movex 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 )
	=	5281.725	/	( ( (219449.377 - 48651.536)	+	(248932.797 - 77216.693) )	/ 2 )
	=	5281.725	/	( (170797.841	+	171716.104)	/ 2 )
	=	5281.725	/	171256.9725
	=	3.08 %

Huyndai Movex Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	24279.116	/	( ( (260955.073 - 83914.955)	+	(259068.379 - 81260.77) )	/ 2 )
	=	24279.116	/	( ( 177040.118	+	177807.609 )	/ 2 )
	=	24279.116	/	177423.8635
	=	13.68 %

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

Huyndai Movex Co (XKRX:319400) 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.

Huyndai Movex Co ROCE % Related Terms

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Huyndai Movex Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Huyndai Movex Co Ltd (XKRX:319400) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

194, Yulgok-ro, Jongno-gu, Seoul, KOR

Website

https://www.hyundaimovex.com

Huyndai Movex Co Ltd is an integrated logistics specialist that provides optimal Total Engineering Solution for the customer based on system construction examples in diverse industries ranging from logistics automation system consulting, design, manufacturing and installation, and maintenance, and construction experience.

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