Virnect Co (XKRX:438700) ROCE % : -27.30% (As of Mar. 2024)

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

What is Virnect 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. Virnect Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -27.30%.

Virnect Co ROCE % Historical Data

The historical data trend for Virnect 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.

Virnect Co ROCE % Chart

Virnect Co Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-335.59

-37.74

-23.45

Virnect Co Quarterly Data
	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial			-46.27	-35.37	-32.76	-7.45	-27.30

Virnect Co ROCE % Calculation

Virnect 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 )
	=	-9929.251	/	( ( (39225.004 - 6943.073)	+	(56827.235 - 4425.3) )	/ 2 )
	=	-9929.251	/	( (32281.931	+	52401.935)	/ 2 )
	=	-9929.251	/	42341.933
	=	-23.45 %

Virnect Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-13861.604	/	( ( (56827.235 - 4425.3)	+	(53273.231 - 4121.713) )	/ 2 )
	=	-13861.604	/	( ( 52401.935	+	49151.518 )	/ 2 )
	=	-13861.604	/	50776.7265
	=	-27.30 %

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

Virnect Co (XKRX:438700) 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.

Virnect Co ROCE % Related Terms

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

Virnect Co (XKRX:438700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Virnect Co Ltd (XKRX:438700) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-15, Hangang-daero 7-gil, Vernect Experience Center, Yongsan-gu, Seoul, KOR

Website

https://www.virnect.com

Virnect Co Ltd is a technology company that leads XR technology trends and specializes in developing XR solutions that can solve problems in the industrial field. It provides products and services for 3D real-time visualization, virtual and augmented reality, remote monitoring and operation, and telecommunication access. Its product offering comprises VIRNECT Remote, VIRNECT Make, VIRNECT View, VIRNECT Twin, VIRNECT Track, and XR Devices.

Virnect Co (XKRX:438700) Headlines

No Headlines