Sungeel Hitech Co (XKRX:365340) ROCE % : -10.67% (As of Mar. 2024)

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What is Sungeel Hitech 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. Sungeel Hitech Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -10.67%.

Sungeel Hitech Co ROCE % Historical Data

The historical data trend for Sungeel Hitech 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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Sungeel Hitech Co ROCE % Chart

Sungeel Hitech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-29.56

-11.28

-3.05

22.04

-2.03

Sungeel Hitech Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial							13.89	11.66	-7.96	-20.21	-10.67

Sungeel Hitech Co ROCE % Calculation

Sungeel Hitech 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 )
	=	-7977.843	/	( ( (420547.882 - 88672.931)	+	(575068.417 - 120435.283) )	/ 2 )
	=	-7977.843	/	( (331874.951	+	454633.134)	/ 2 )
	=	-7977.843	/	393254.0425
	=	-2.03 %

Sungeel Hitech Co'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 )
	=	-50061.664	/	( ( (575068.417 - 120435.283)	+	(634016.416 - 149873.17) )	/ 2 )
	=	-50061.664	/	( ( 454633.134	+	484143.246 )	/ 2 )
	=	-50061.664	/	469388.19
	=	-10.67 %

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

Sungeel Hitech Co (XKRX:365340) 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.

Sungeel Hitech Co ROCE % Related Terms

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Sungeel Hitech Co (XKRX:365340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungeel Hitech Co Ltd (XKRX:365340) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

143-12, Gunsansandan-ro, Jeollabuk-do, Bieungdo-dong, Gunsan-si, KOR

Website

https://www.sungeelht.com

Sungeel Hitech Co Ltd operates as a battery recycling company. The company provides lithium-ion battery recycling, sustainable rechargeable battery recycling, waste batteries full circulatory recycling, and circulation services. It also engages in producing high-purity battery materials such as nickel, cobalt, lithium, and others from the battery powder.

Sungeel Hitech Co (XKRX:365340) Headlines

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