OptiCore (XKRX:380540) ROCE % : -36.42% (As of Mar. 2024)

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What is OptiCore 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. OptiCore's annualized ROCE % for the quarter that ended in Mar. 2024 was -36.42%.

OptiCore ROCE % Historical Data

The historical data trend for OptiCore'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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OptiCore ROCE % Chart

OptiCore Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

59.14

-32.54

29.63

-44.81

-15.79

OptiCore Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial					-7.41	-23.49	1.21	-34.25	-36.42

OptiCore ROCE % Calculation

OptiCore'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 )
	=	-4182.513	/	( ( (36271.948 - 8252.067)	+	(33895.627 - 8925.144) )	/ 2 )
	=	-4182.513	/	( (28019.881	+	24970.483)	/ 2 )
	=	-4182.513	/	26495.182
	=	-15.79 %

OptiCore'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 )
	=	-8728.896	/	( ( (33895.627 - 8925.144)	+	(42121.271 - 19153.217) )	/ 2 )
	=	-8728.896	/	( ( 24970.483	+	22968.054 )	/ 2 )
	=	-8728.896	/	23969.2685
	=	-36.42 %

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

OptiCore (XKRX:380540) 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.

OptiCore ROCE % Related Terms

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OptiCore (XKRX:380540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » OptiCore Inc (XKRX:380540) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

602, Dongtangiheung-ro, 5th Floor, Gyeonggi-do, Hwaseong-si, KOR, 18469

Website

http://www.opticore.co.kr

Opticore Inc is engaged in the manufacturing of magnetic and optical medium devices.

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