Micube Solution (XKRX:373170) ROCE % : 1.24% (As of Mar. 2024)

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What is Micube Solution 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. Micube Solution's annualized ROCE % for the quarter that ended in Mar. 2024 was 1.24%.

Micube Solution ROCE % Historical Data

The historical data trend for Micube Solution'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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Micube Solution ROCE % Chart

Micube Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-46.59

18.46

63.07

16.28

Micube Solution Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			61.33	19.75	12.46	30.14	1.24

Micube Solution ROCE % Calculation

Micube Solution'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 )
	=	2503.095	/	( ( (11354.307 - 5280.008)	+	(29869.516 - 5184.4) )	/ 2 )
	=	2503.095	/	( (6074.299	+	24685.116)	/ 2 )
	=	2503.095	/	15379.7075
	=	16.28 %

Micube Solution'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 )
	=	302.064	/	( ( (29869.516 - 5184.4)	+	(29916.894 - 5705.643) )	/ 2 )
	=	302.064	/	( ( 24685.116	+	24211.251 )	/ 2 )
	=	302.064	/	24448.1835
	=	1.24 %

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

Micube Solution (XKRX:373170) 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.

Micube Solution ROCE % Related Terms

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Micube Solution (XKRX:373170) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micube Solution Inc (XKRX:373170) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Hyoryeong-ro 55-gil, Dongsan Building, 2-5th Floor, Seoul, KOR

Website

https://www.micube.co.kr

Micube Solution Inc is a software company. It provides total solutions across all IT services, from consulting for the realization of manufacturing intelligence to system linkage/integration and operation services.

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