Ecoeye Co (XKRX:448280) ROCE % : -3.24% (As of Sep. 2024)

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What is Ecoeye 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. Ecoeye Co's annualized ROCE % for the quarter that ended in Sep. 2024 was -3.24%.

Ecoeye Co ROCE % Historical Data

The historical data trend for Ecoeye 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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Ecoeye Co ROCE % Chart

Ecoeye Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

ROCE %

0.94

21.70

42.48

20.27

Ecoeye Co Quarterly Data
	Jun22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-0.64	-1.19	3.69	7.81	-3.24

Ecoeye Co ROCE % Calculation

Ecoeye 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 )
	=	20010.886	/	( ( (78387.283 - 23530.609)	+	(150017.454 - 7412.079) )	/ 2 )
	=	20010.886	/	( (54856.674	+	142605.375)	/ 2 )
	=	20010.886	/	98731.0245
	=	20.27 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-4548.476	/	( ( (143399.956 - 2472.917)	+	(142030.923 - 2203.822) )	/ 2 )
	=	-4548.476	/	( ( 140927.039	+	139827.101 )	/ 2 )
	=	-4548.476	/	140377.07
	=	-3.24 %

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

Ecoeye Co (XKRX:448280) 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.

Ecoeye Co ROCE % Related Terms

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Ecoeye Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Ecoeye Co Ltd (XKRX:448280) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

11th floor, 61 Yeouinaru-ro, Yeongdeungpo-gu, Seoul, KOR

Website

https://www.ecoeye.com

Ecoeye Co Ltd is a carbon credit provider company based in Seoul. The company offers services such as greenhouse gas reduction projects, emissions trading system which provides a carbon asset portfolio to maximize corporate asset value, and it lastly provides consulting services on establishing goals for carbon neutrality implementation, preparing a carbon reduction portfolio, and responding to external climate disclosures through corporate diagnosis of internal and external carbon neutrality requirements.

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