Quratis (XKRX:348080) ROCE % : -34.18% (As of Mar. 2024)

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What is Quratis 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. Quratis's annualized ROCE % for the quarter that ended in Mar. 2024 was -34.18%.

Quratis ROCE % Historical Data

The historical data trend for Quratis'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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Quratis ROCE % Chart

Quratis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-305.04

-37.19

-33.56

-68.60

-33.49

Quratis Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								-77.33	-43.07	-43.80	-13.83	-34.18

Quratis ROCE % Calculation

Quratis'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 )
	=	-13680.836	/	( ( (64492.978 - 36549.389)	+	(66844.126 - 13097.012) )	/ 2 )
	=	-13680.836	/	( (27943.589	+	53747.114)	/ 2 )
	=	-13680.836	/	40845.3515
	=	-33.49 %

Quratis's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-17116.412	/	( ( (66844.126 - 13097.012)	+	(59911.736 - 13514.851) )	/ 2 )
	=	-17116.412	/	( ( 53747.114	+	46396.885 )	/ 2 )
	=	-17116.412	/	50071.9995
	=	-34.18 %

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

Quratis (XKRX:348080) 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.

Quratis ROCE % Related Terms

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Quratis (XKRX:348080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Quratis Inc (XKRX:348080) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

306, 13, Teheran-ro 64-gil, Gangnam-gu, Seoul, KOR

Website

http://quratis.com

Quratis Inc operates as a developer of vaccines and therapies designed to treat tuberculosis. The company develops youth and adults tuberculosis vaccines, messenger ribonucleic acids, and other related immune-related vaccines.

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