SY Steel Tech (XKRX:365330) ROCE % : 12.39% (As of Dec. 2024)

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What is SY Steel Tech 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. SY Steel Tech's annualized ROCE % for the quarter that ended in Dec. 2024 was 12.39%.

SY Steel Tech ROCE % Historical Data

The historical data trend for SY Steel Tech'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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SY Steel Tech ROCE % Chart

SY Steel Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

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-8.70

5.10

32.23

34.81

14.26

SY Steel Tech Quarterly Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial											26.36	14.29	13.16	16.21	12.39

SY Steel Tech ROCE % Calculation

SY Steel Tech'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 )
	=	7821.498	/	( ( (79948.494 - 23042.114)	+	(80005.658 - 27245.951) )	/ 2 )
	=	7821.498	/	( (56906.38	+	52759.707)	/ 2 )
	=	7821.498	/	54833.0435
	=	14.26 %

SY Steel Tech'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 )
	=	6474.112	/	( ( (86566.771 - 34798.846)	+	(80005.658 - 27245.951) )	/ 2 )
	=	6474.112	/	( ( 51767.925	+	52759.707 )	/ 2 )
	=	6474.112	/	52263.816
	=	12.39 %

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

SY Steel Tech (XKRX:365330) 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.

SY Steel Tech ROCE % Related Terms

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SY Steel Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SY Steel Tech Inc (XKRX:365330) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

154 Segogae-ro, Eomjeong-myeon, Chungju-si, Chungcheongbuk-do, KOR

Website

https://www.systeeltech.com

SY Steel Tech Inc is engaged in manufacturing of metal processing business; excluding machinery and furniture. The Company processes steels and other products.

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