Shinhan 11th Special Purpose Acquisition Company Co (XKRX:452980) ROCE % : 3.26% (As of Sep. 2024)

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What is Shinhan 11th Special Purpose Acquisition Company 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. Shinhan 11th Special Purpose Acquisition Company Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 3.26%.

Shinhan 11th Special Purpose Acquisition Company Co ROCE % Historical Data

The historical data trend for Shinhan 11th Special Purpose Acquisition Company 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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Shinhan 11th Special Purpose Acquisition Company Co ROCE % Chart

Shinhan 11th Special Purpose Acquisition Company Co Annual Data

Trend

Dec23

ROCE %

0.83

Shinhan 11th Special Purpose Acquisition Company Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial			-	3.42	3.17	3.29	3.26

Shinhan 11th Special Purpose Acquisition Company Co ROCE % Calculation

Shinhan 11th Special Purpose Acquisition Company 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: . 20 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: . 20 )		(A: Dec. 2023 )
	=		/	( ( ( - )	+	( - ) )	/ )
	=		/	( (	+	)	/ )
	=		/
	=	%

Shinhan 11th Special Purpose Acquisition Company 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 )
	=	1384.68	/	( ( (42359.415 - 10.126)	+	(42705.472 - 10.014) )	/ 2 )
	=	1384.68	/	( ( 42349.289	+	42695.458 )	/ 2 )
	=	1384.68	/	42522.3735
	=	3.26 %

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

Shinhan 11th Special Purpose Acquisition Company Co (XKRX:452980) 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.

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Shinhan 11th Special Purpose Acquisition Company Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Shinhan 11th Special Purpose Acquisition Company Co Ltd (XKRX:452980) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR

Website

Shinhan 11th Special Purpose Acquisition Company Co Ltd is a special purpose acquisition company.

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