Socar (XKRX:403550) ROCE % : 3.00% (As of Dec. 2024)

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What is Socar 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. Socar's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.00%.

Socar ROCE % Historical Data

The historical data trend for Socar'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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Socar ROCE % Chart

Socar Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

ROCE %

-4.52

5.79

-0.51

-5.52

-1.64

Socar Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial										-9.07	-10.39	-6.29	6.91	3.00

Socar ROCE % Calculation

Socar's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	-6935.432	/	( ( (679023.238 - 242074.818)	+	(631516.754 - 223463.228) )	/ 2 )
	=	-6935.432	/	( (436948.42	+	408053.526)	/ 2 )
	=	-6935.432	/	422500.973
	=	-1.64 %

Socar's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	12265.252	/	( ( (650460.107 - 239585.741)	+	(631516.754 - 223463.228) )	/ 2 )
	=	12265.252	/	( ( 410874.366	+	408053.526 )	/ 2 )
	=	12265.252	/	409463.946
	=	3.00 %

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

Socar (XKRX:403550) 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.

Socar ROCE % Related Terms

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Socar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Socar Inc (XKRX:403550) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Yeonmi-gil, Jeju-do (Orasam-dong), Jeju-si, KOR

Website

https://www.socar.kr

Socar Inc is a car sharing company in Korea.

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