Smart Radar System (XKRX:424960) ROCE % : -28.14% (As of Dec. 2023)

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What is Smart Radar System 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. Smart Radar System's annualized ROCE % for the quarter that ended in Dec. 2023 was -28.14%.

Smart Radar System ROCE % Historical Data

The historical data trend for Smart Radar System'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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Smart Radar System ROCE % Chart

Smart Radar System Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

-83.86

-84.32

-110.43

-32.29

Smart Radar System Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial			-	-111.43	-67.94	-27.62	-28.14

Smart Radar System ROCE % Calculation

Smart Radar System'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 )
	=	-4955.116	/	( ( (12387.504 - 3614.846)	+	(26065.778 - 4151.629) )	/ 2 )
	=	-4955.116	/	( (8772.658	+	21914.149)	/ 2 )
	=	-4955.116	/	15343.4035
	=	-32.29 %

Smart Radar System'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 )
	=	-6372.352	/	( ( (27910.316 - 4529.725)	+	(26065.778 - 4151.629) )	/ 2 )
	=	-6372.352	/	( ( 23380.591	+	21914.149 )	/ 2 )
	=	-6372.352	/	22647.37
	=	-28.14 %

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

Smart Radar System (XKRX:424960) 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.

Smart Radar System ROCE % Related Terms

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Smart Radar System (XKRX:424960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart Radar System Inc (XKRX:424960) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

925beon-gil, 3F Fine Digital, 41, Seongnam-daero, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13496

Website

https://www.smartradarsystem.com

Smart Radar System Inc is a company developing radar solutions for autonomous cars and industrial applications. They provide RF antenna design, hardware module fabrication, radar signal processing algorithms and software APIs. It offers products such as RETINA-4FN, RETINA-4SN and IRISc-03A which are 4D Imaging Radars, Single chip Radars.

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