Hanssak Co (XKRX:430690) ROCE % : 35.21% (As of Dec. 2023)

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What is Hanssak 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. Hanssak Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 35.21%.

Hanssak Co ROCE % Historical Data

The historical data trend for Hanssak 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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Hanssak Co ROCE % Chart

Hanssak Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

41.38

41.84

14.99

11.71

Hanssak Co Quarterly Data
	Sep22	Dec22	Sep23	Dec23
ROCE %	-	109.05	-12.08	35.21

Hanssak Co ROCE % Calculation

Hanssak 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 )
	=	2893.954	/	( ( (21270.317 - 7563.801)	+	(45485.784 - 9750.009) )	/ 2 )
	=	2893.954	/	( (13706.516	+	35735.775)	/ 2 )
	=	2893.954	/	24721.1455
	=	11.71 %

Hanssak 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 )
	=	12000.888	/	( ( (38078.922 - 5639.814)	+	(45485.784 - 9750.009) )	/ 2 )
	=	12000.888	/	( ( 32439.108	+	35735.775 )	/ 2 )
	=	12000.888	/	34087.4415
	=	35.21 %

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

Hanssak Co (XKRX:430690) 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.

Hanssak Co ROCE % Related Terms

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Hanssak Co (XKRX:430690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hanssak Co Ltd (XKRX:430690) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 401, 27, Digital-ro 34-gil, Guro-gu, Daeryung Post Tower No.3, Seoul, KOR

Website

http://www.hanssak.co.kr

Hanssak Co Ltd is an IT security company whose main business is application software development and supply. Their portfolio of products include manganese data transmission solution, password management solution, secure electronic fax solution, smart billing solution, and integrated control system.

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