Obzen (XKRX:417860) ROCE % : -54.40% (As of Jun. 2024)

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What is Obzen 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. Obzen's annualized ROCE % for the quarter that ended in Jun. 2024 was -54.40%.

Obzen ROCE % Historical Data

The historical data trend for Obzen'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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Obzen ROCE % Chart

Obzen Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-28.98

-40.35

-29.18

-51.49

Obzen Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
ROCE %	Get a 7-Day Free Trial							-58.68	-41.90	-11.14	-55.68	-54.40

Obzen ROCE % Calculation

Obzen'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 )
	=	-5188.052	/	( ( (10533.316 - 5157.851)	+	(19039.116 - 4264.582) )	/ 2 )
	=	-5188.052	/	( (5375.465	+	14774.534)	/ 2 )
	=	-5188.052	/	10074.9995
	=	-51.49 %

Obzen'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: Mar. 2024 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Mar. 2024 )		(Q: Jun. 2024 )
	=	-6538.092	/	( ( (17429.616 - 4674.879)	+	(16478.888 - 5196.941) )	/ 2 )
	=	-6538.092	/	( ( 12754.737	+	11281.947 )	/ 2 )
	=	-6538.092	/	12018.342
	=	-54.40 %

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

Obzen (XKRX:417860) 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.

Obzen ROCE % Related Terms

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Obzen Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Obzen Inc (XKRX:417860) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14th, 12th floor, Yeouido-daero, Yeouido-dong, KT Yeouido Tower, Yeongdeungpo-gu, Seoul, KOR

Website

https://www.obzen.com

Obzen Inc is a software company that realizes data-based, customer-oriented business. It provides data, analysis, and marketing solutions and system construction services in various industries such as finance, distribution, telecommunications, and others.

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