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Kornic Automation Co (XKRX:391710) ROCE % : 59.08% (As of Dec. 2023)


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What is Kornic Automation 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. Kornic Automation Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 59.08%.


Kornic Automation Co ROCE % Historical Data

The historical data trend for Kornic Automation 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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Kornic Automation Co ROCE % Chart

Kornic Automation Co Annual Data
Trend Dec21 Dec22 Dec23
ROCE %
46.49 -30.06 9.23

Kornic Automation Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 45.86 -18.57 -17.50 12.15 59.08

Kornic Automation Co ROCE % Calculation

Kornic Automation 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 )
=2470.039/( ( (31402.77 - 6779.334) + (42645.459 - 13754.947) )/ 2 )
=2470.039/( (24623.436+28890.512)/ 2 )
=2470.039/26756.974
=9.23 %

Kornic Automation Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=15718.088/( ( (35272.123 - 10954.76) + (42645.459 - 13754.947) )/ 2 )
=15718.088/( ( 24317.363 + 28890.512 )/ 2 )
=15718.088/26603.9375
=59.08 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

* 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.


Kornic Automation Co  (XKRX:391710) 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.


Kornic Automation Co ROCE % Related Terms

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Kornic Automation Co (XKRX:391710) Business Description

Traded in Other Exchanges
N/A
Address
23-12, Dongtan Sandan 9-gil, 8th Floor, Gyeonggido, Hwaseong-si, KOR
Kornic Automation Co Ltd is engaged in providing localized software for Semiconductor and Display equipment control solutions.

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