Hass (XKRX:450330) ROCE % : -1.52% (As of Sep. 2024)

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What is Hass 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. Hass's annualized ROCE % for the quarter that ended in Sep. 2024 was -1.52%.

Hass ROCE % Historical Data

The historical data trend for Hass'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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Hass ROCE % Chart

Hass Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

17.28

25.58

11.04

Hass Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	16.69	15.12	1.26	-1.52

Hass ROCE % Calculation

Hass'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 )
	=	1848.114	/	( ( (18943.73 - 4938.769)	+	(29182.639 - 9694.279) )	/ 2 )
	=	1848.114	/	( (14004.961	+	19488.36)	/ 2 )
	=	1848.114	/	16746.6605
	=	11.04 %

Hass'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 )
	=	-723.3	/	( ( (60799.524 - 12316.549)	+	(54178.053 - 7186.231) )	/ 2 )
	=	-723.3	/	( ( 48482.975	+	46991.822 )	/ 2 )
	=	-723.3	/	47737.3985
	=	-1.52 %

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

Hass (XKRX:450330) 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.

Hass ROCE % Related Terms

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Hass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Hass Corp (XKRX:450330) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-14, Gwahakdanji-ro, Gangneung-si, Gangwon, Gangwon, KOR, 25452

Website

https://www.hassbio.com/kor/main

Hass Corp is engaged in manufacturing of medical supplies and related other medicaments.

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