Hwaseung R&A Co (XKRX:378850) ROCE % : 34.84% (As of Mar. 2024)

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What is Hwaseung R&A 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. Hwaseung R&A Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 34.84%.

Hwaseung R&A Co ROCE % Historical Data

The historical data trend for Hwaseung R&A 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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Hwaseung R&A Co ROCE % Chart

Hwaseung R&A Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

11.84

18.66

28.96

Hwaseung R&A Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial								36.47	26.90	33.32	16.62	34.84

Hwaseung R&A Co ROCE % Calculation

Hwaseung R&A 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 )
	=	42737.527	/	( ( (422569.2 - 294681.106)	+	(430773.74 - 263497.531) )	/ 2 )
	=	42737.527	/	( (127888.094	+	167276.209)	/ 2 )
	=	42737.527	/	147582.1515
	=	28.96 %

Hwaseung R&A 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 )
	=	59286.252	/	( ( (430773.74 - 263497.531)	+	(445489.518 - 272402.279) )	/ 2 )
	=	59286.252	/	( ( 167276.209	+	173087.239 )	/ 2 )
	=	59286.252	/	170181.724
	=	34.84 %

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

Hwaseung R&A Co (XKRX:378850) 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.

Hwaseung R&A Co ROCE % Related Terms

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Hwaseung R&A Co (XKRX:378850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwaseung R&A Co Ltd (XKRX:378850) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

61, Chungnyeol-ro, Gyeongsangnam-do, Yangsan-si, KOR, 50592

Website

https://www.hsrna.com

Hwaseung R&A Co Ltd is a manufacturer of automotive parts and industrial rubber parts.

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