Shinsung ST Co (XKRX:416180) ROCE % : 27.30% (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shinsung ST 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. Shinsung ST Co's annualized ROCE % for the quarter that ended in Jun. 2024 was 27.30%.

Shinsung ST Co ROCE % Historical Data

The historical data trend for Shinsung ST 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.

* Premium members only.

Shinsung ST Co ROCE % Chart

Shinsung ST Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

27.60

32.79

17.83

Shinsung ST Co Quarterly Data
	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	-	80.52	89.89	12.92	27.30

Shinsung ST Co ROCE % Calculation

Shinsung ST 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 )
	=	12545.027	/	( ( (85792.872 - 45110.361)	+	(136415.285 - 36362.277) )	/ 2 )
	=	12545.027	/	( (40682.511	+	100053.008)	/ 2 )
	=	12545.027	/	70367.7595
	=	17.83 %

Shinsung ST Co's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	27866.572	/	( ( (136415.285 - 36362.277)	+	(140683.672 - 36610.282) )	/ 2 )
	=	27866.572	/	( ( 100053.008	+	104073.39 )	/ 2 )
	=	27866.572	/	102063.199
	=	27.30 %

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

Shinsung ST Co (XKRX:416180) 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.

Shinsung ST Co ROCE % Related Terms

Thank you for viewing the detailed overview of Shinsung ST Co's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Shinsung ST Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shinsung ST Co Ltd (XKRX:416180) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

Room 701, 711, 3.15-daero, Masanhoewon-gu, Seokjeon-dong, Daea Building, Changwon-si, KOR

Website

http://www.shinsungst.co.kr

Shinsung ST Co Ltd is a company whose main business is battery parts for electric vehicles and Energy storage system parts. It is focused in the secondary battery business, including eco-friendly electric vehicle battery parts.

Shinsung ST Co Headlines

No Headlines