HYBE (XKRX:352820) ROCE % : -7.01% (As of Dec. 2023)

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What is HYBE 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. HYBE's annualized ROCE % for the quarter that ended in Dec. 2023 was -7.01%.

HYBE ROCE % Historical Data

The historical data trend for HYBE'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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HYBE ROCE % Chart

HYBE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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69.15

14.33

7.75

3.21

7.83

HYBE Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial												-17.42	6.19	15.46	13.95	-7.01

HYBE ROCE % Calculation

HYBE'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 )
	=	297151.121	/	( ( (4870434.315 - 849484.677)	+	(5345681.487 - 1772168.712) )	/ 2 )
	=	297151.121	/	( (4020949.638	+	3573512.775)	/ 2 )
	=	297151.121	/	3797231.2065
	=	7.83 %

HYBE'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: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-271514.9	/	( ( (5459325.323 - 1283031.825)	+	(5345681.487 - 1772168.712) )	/ 2 )
	=	-271514.9	/	( ( 4176293.498	+	3573512.775 )	/ 2 )
	=	-271514.9	/	3874903.1365
	=	-7.01 %

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

HYBE (XKRX:352820) 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.

HYBE ROCE % Related Terms

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HYBE (XKRX:352820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HYBE (XKRX:352820) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd floor, 42 Teheran-ro 108-gil, Gangnam-gu, Seoul, KOR

Website

https://www.hybecorp.com

HYBE is a music-based entertainment lifestyle platform company. It engages in Music Production, Publishing, New Artist Development, Artist Management, 360° Business, IP Business, Platform Business.

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